Parkway Corporate

Potash West shares jumped by 25 per cent on the Australian Securities Exchange today, after the Perth-based miner reported encouraging initial results from its latest drilling program in the Mid West.

Potash West has received $3 million from Chinese backers to help fund a feasibility study for its Dandaragan Trough potash project in Western Australia.

Potash West is upbeat about its WA potash project, which is estimated to cost up to $880 million to develop a minimum 39-year operation.The Belmont-based explorer today released the results from its scoping study into its Dandaragan Trough project, located 150km north of Perth.

Phosphate and glauconite explorer Potash West has completed an $800,000 placement to fund development of its Dandaragan Trough project near Perth.

Potash West has announced it will farm into a historic potash producing region of Germany under a joint venture agreement, with a right to earn 55 per cent if it funds early exploration activities in the South Harz potash district.

Minerals explorer Potash West has secured $2.9 million as part of an oversubscribed 5 cent placement to fund development at its Dandaragan Trough projects near Perth and Kullestedt potash project in central Germany.

John McGloin and Alex Davidson, who were formerly directors of Amara Mining, have been appointed as non executive directors of Perseus Mining. Guo Qing Li has resigned as a director of Siburan Resources. Mr Li has been a director of the company since August 5, 2015.

Davenport Resources has launched a $5 million capital raising to support its plans to acquire a potash project majority owned by West Perth-based Potash West and list on the ASX.

Perth-based explorer Lithium Australia has lodged a takeover bid for rival lithium-focused Lepidico - in the middle of a Supreme Court battle between the two companies - in an all-scrip deal that values the target at $23.8 million.

Lithium Australia’s $23.8 million takeover bid for rival Lepidico appears to be heading for rejection, with the target company not confident about the operational methods of Lithium’s core asset.

Lepidico has formally rejected rival Lithium Australia’s $23.8 million takeover bid, after an independent expert labelled the offer as neither fair nor reasonable.

A hostile acquisition attempt aimed at junior explorer Lepidico has passed deadline with minimal acceptances and will not go ahead, the takeover target says.

A summary of last week's smaller deals that did not get included in our daily news coverage.

A summary of last week's smaller deals that did not get included in our daily news coverage.

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