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Article: Australia: Crescent Resources Signs Letter Agreement to Acquire Major Potash Exploration Project in Western Australia.
- Article from:
- TendersInfo
- Article date:
- August 1, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Crescent Resources Corp. has signed a letter agreement with Australian Potash Company Pty Ltd. ("APC") and its shareholders to acquire up to a 100% direct and indirect interest in 12 licenses known as the Carnarvon Basin Project, an exploration property covering approximately 4,280 square kilometres of prospective potash horizons in an extensive evaporite basin known as the Southern Carnarvon Basin in Western Australia. Previous drilling, consisting of three widely spaced oil and gas wells over a distance of 25 kilometres, has indicated the potential for significant potash and other sodium and magnesium salts.
CARNARVON BASIN POTASH ...
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