Agrimin Limited is a Western Australian based minerals company and is listed on the Australian Stock Exchange (ASX: AMN). Agrimin has 100% ownership of the large-scale Mackay Sulphate of Potash (SOP) Project located in Western Australia.
Agrimin’s strategic focus on SOP is motivated by excellent market fundamentals which are supportive for the creation of a new large-scale SOP producer. Growth in demand for fertilizers, including SOP, is forecast to be driven by the world’s need to feed growing populations from shrinking arable land resulting in the need to improve agricultural yields. Accordingly, Agrimin expects that SOP deposits throughout Western Australia will become an important source to meet increasing world demand.
The Mackay SOP Project is situated on a Western Australian salt lake and spans 2,560 square kilometers. The Project contains the world’s largest known Mineral Resources of brine-hosted SOP and the deposit only extends to an average depth of only 24.7 meters. In August 2016, Agrimin reported the results of a positive Scoping Study.
Agrimin has a strong working relationship with traditional land owners and the Company believes the Mackay Project can create greatly improved community and employment opportunities for the Aboriginal people of local communities.