• Allana Potash, Vice President Strategic Projects, Jack Scott discusses the new estimate as it represents a 90% increase to the measured and indicated resource, "And an overall expansion of the total resource as well. We want to move as much as possible into measured and indicated, so as we go through the feasibility study we can roll that into potential reserves. Our exploration has been predominantly in the shallow, western region of the property"
• The article also discusses the Company's position in terms of infrastructure development, regional stability, and valuation of the project.
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"Right now our timeline is focused on continuing the feasibility study and some pilot work. The feasibility study, including all that pilot work, is due for completion at the end of this calendar year. We're doing our environmental and social impact assessment work in concert with one of our major shareholders, the International Finance Corporation, and that's proceeding and due for completion at the end of this year as well. In parallel with all that work, we're working through BNP Paribas, our financial advisor, to bring our lenders along through that technical and environmental and social evaluation process so we're ready to work towards an accelerated close on the project at the end of this year...The resource has been well-defined now. We've been very successful in terms of securing infrastructure-port and road and looking now to accelerate the development of Ethiopian rail in support of the project. So I think, all in all, we see this as being a well-advanced project in a strategic part of the world, serving some strategic markets which are in very close proximity."

- Jack Scott, Vice President Strategic Projects, Allana Potash  

To read the full article please click here.

If you have any questions or would like to meet with Allana's management team, please contact Investor Cubed at

647 258 3311 or info@investor3.ca.