We’re here today with Patrick McManus managing director of Parkway Minerals. Thanks for your time. Are you able to share some of the background to Parkway?
Audio Transcription
Patrick McManus: [00:00:12] Yes Parkway Minerals has been in existence and operations for about the last five or six years. We’ve got a number of assets now built up within the company of Dandaragan Trough fertiliser feedstock project, which has as its main project at the moment Dinner Hill deposit which is rich in both phosphates and potash. We also have a Salt Lake potash project in Lake Barlee in central Western Australia just north of Southern Cross. And we have assets in other companies. We own 19 million shares in Davenport which has now got a reasonably advanced potash exploration project in central Germany and 7 million shares in Lithium Australia which is looking at lithium technologies and deposits in Australia and elsewhere in the world.
David Tasker: [00:01:02] And some of the recent milestones the companies achieved?
Patrick McManus: [00:01:05] We have very recently redone our resources at both Dinner Hill and the Dandaragan Trough .That’s the Dinner Hill resource update that was announced this morning and we’re looking at further announcements on the Dandaragan Trough over the next month. We’ve had a re-valuation of the Lake Barlee project and there’s work going on there in the next quarter looking to drill out and identify the paleo-channel. And recently we did a capital raising by a broker who recognises the value of some of these assets so we’ve raised some money through him and also initiated a purchase plan to our existing shareholders on the back of that we should have about three to three and a half million dollars in the treasury by the time that is finished.
David Tasker: [00:01:59] And some of the milestones the company is focused on over the coming months?
Patrick McManus: [00:02:03] Over the next three months within the Lake Barlee Project we’ll be doing geophysics to identify the pale-channels or where they’re likely to exist followed up by air core drilling to identify the paleo-channels and take samples of the brine from that. That should be completed by January. Within Dinner Hill we’re doing some more process development work as part of the feasibility work and within Dandaragan Trough we’ll be doing some drilling over the next six to nine months on the exploration targets that we’re looking for there. The other important activity going on is within our Davenport associate where they’ve recently bought three existing mining licences from the German government which have been well drilled out to a high standard as part of the mine planning back in the previous owner’s operations. So we’ll be re-evaluating that data over the next couple of months. And there’ll be a number of announcements come from that as well.
David Tasker: [00:03:11] Exciting times ahead for the company. Indeed. Thanks for your time.
