London Stock Exchange today welcomes Danakali Limited (ASX: DNK / LSE: DNK) (Danakali), the potash company focused on the development of the Colluli Potash Project in Eritrea, to trading on the Main Market.
Danakali shares will be admitted to the Standard Segment of the Official List of the Financial Conduct Authority, at 8am on Tuesday 24 July 2018, while remaining listed
on the Australian Stock Exchange ( ASX ). We are delighted to be celebrating Danakali’s entry to the London Stock Exchange.
Our LSE listing provides us with additional access to sophisticated investors in London and internationally with a strong appetite for advanced stage development projects and a good understanding of both fertilizer companies and the African mining environment.
Danakali presents an attractive investment opportunity through providing exposure to one of the most advanced and economically attractive SOP projects globally with a post-tax project valuation of US$902M and IRR of 29.9% for Modules I & II, expected first
quartile operating costs, industry leading capital intensity, and an almost 200-year mine life.”