Australian Potash Limited acquires land agreement for exploration at Nexus project

HOUSTON (ICIS)–Australian Potash Limited (APC) announced it has reached a land access agreement for exploration with Tjamu Tjamu for the Nexus project located in West Arunta.

Tjamu Tjamu has agreed, subject to APC complying with the terms, to allow access to their native lands and for the conducting of exploration activities.

The Nexus project is comprised of three exploration licenses and is described by the company as an early-stage exploration opportunity surrounded by globally significant and emerging rare earth and critical mineral element deposits.

APC said the agreement recognizes the existence of native title rights and interests in the whole of the determination area, which covers large areas of the West Arunta region of Western Australia including the Nexus site.

Officials said the West Arunta area has drawn increased interest in undertaking high value exploration over the past couple of years, and it expressed gratitude to the traditional owners for generously giving their time to review the exploration proposal.

APC said the next step involves proposing work programs for heritage clearance assessment.

“We have been working with our geophysics consultants to plan air-borne magnetic and ground-based gravity surveys, and with our geological consultants to plan our initial on-ground, non-intrusive mapping and rock chipping program,” said Matt Shackleton Australian Potash Limited managing director and CEO.

“We look forward to updating our shareholders as we progress through the heritage clearance assessment and move into unlocking the potential of our tenements in the highly sought after West Arunta region.”