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Australian Potash gets free carry for Lake Wells gold hunt

From thewest.com.au

Australian Potash has a new 70 per cent JV partner in the hunt for gold beneath its 100 per cent-owned Lake Wells Sulphate of Potash, or “LSOP”, project after St Barbara Ltd met expenditure commitments to earn its interest. Australian Potash now has a 30 per cent, free-carried interest through to a definitive feasibility study for any non-potash ore body St Barbara may find on its tenements. In a move designed to allow the sulphate of potash developer to “focus on its knitting”, Australian Potash can simply sit back and watch St Barbara’s geologists get boots on the ground and chase hard rock minerals under the guise ... (full story)

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