the incredible shrinking SOP story still has one battler flying the flag.
flag may be upside down….
$0.145
This review is being undertaken in light of the existing capital markets environment with respect to Australian-domiciled Sulphate of Potash projects.
Preliminary actions to be undertaken in line with the commencement of the review include:
• Further reduced Mackay Potash Project site activities, with limited work programs now planned for 2025, and implementation of additional operating and corporate cost reduction initiatives.
• In light of the further scaling down of activities at the Mackay Potash Project, and in aid of these additional cost reduction initiatives, Agrimin Managing Director and CEO, Ms Debbie Morrow, will step down from these roles effective from today and depart the business after a brief transition period.
• Agrimin’s Chief Operating Officer, Mr Michael Hartley, has been appointed to the Agrimin Board as an Executive Director, effective from today.
• Identification and initial evaluation of options to maximise long-term risk-balanced value for Agrimin shareholders with respect to the Mackay Potash Project including but not limited to ongoing independent advancement, joint venture, outright sale, and/or tenement restructuring.
Agrimin’s large Mackay Potash Project tenement holding in the West Arunta is highly prospective for a range of minerals. Exploration across these tenements has historically been limited to potash mineralisation. The strategic review will include the evaluation of the potential for non-potash exploration activities to be advanced.
