DANAKALI Ltd., Eritrea - Colluli Potash Project

ASX Release:    15 March 2022

Company Presentation
Danakali Limited (ASX: DNK, Danakali or the Company) advises that Dr Rod McEachern presents his Master
Class lecture series at the University Mohamed VI, Polytechnic, Benguerir, Morocco, March 2022.
Dr McEachern outlines the unique geological features, test work findings, equipment testing, resultant process
design and key outcomes of the Colluli Sulphate of Potash Project (as previously announced) detailing the
specific features of the decomposition and floatation of the Colluli ore in the production of Sulphate of Potash
whilst providing high level comparative insights of the Colluli process to existing Mannheim technologies and
other brine based primary producers.
A copy of the presentation is attached to this announcement.

https://stocknessmonster.com/announcements/dnk.asx-6A1081854/  

ist die Aktie noch nicht erwacht?  

Jahren gefaselt!!  

3:00 pm   2021 Annual Financial Report

https://stocknessmonster.com/announcements/dnk.asx-6A1083917/

 

Seamus Ian Cornelius hat offenbar Vertrauen in die Zukunft von Danakali:
er hat am 20.04.2022  100.000 Aktien im Wert von 29.120 AUD gekauft.

https://stocknessmonster.com/announcements/dnk.asx-6A1087478/    

Notice of Annual General Meeting
Danakali Limited (ASX: DNK, Danakali or the Company) is pleased to confirm release of its Notice of Annual General Meeting (Notice) to shareholders.
The Annual General Meeting will be held at 10:00am (AWST) on Thursday 26 May 2022 at The Celtic Club,
Presidents Room, 48 Ord Street, West Perth, Western Australia.

https://stocknessmonster.com/announcements/dnk.asx-6A1087847/  

6:02 pm  Quarterly Activities Report and Appendix 5B

https://stocknessmonster.com/announcements/dnk.asx-6A1089641/  

 

4:37 pm
Quarterly Activities Report and Appendix 5B

https://stocknessmonster.com/announcements/dnk.asx-6A1102336/  

0851
Half Yearly Report and Accounts

https://stocknessmonster.com/announcements/dnk.asx-6A1106749/  

Trading Halt

https://stocknessmonster.com/announcements/dnk.asx-6A1112078/  

Term Sheet Executed in Asmara for Sale of Colluli Interest  

Term Sheet Executed in Asmara for Sale of Colluli Interest

https://stocknessmonster.com/announcements/dnk.asx-6A1113125/  

8:12 am Quarterly Activities Report and Appendix 5B

https://stocknessmonster.com/announcements/dnk.asx-6A1118193/  

8:15 am Update on the Colluli Sale Transaction

1 December 2022ASX Release

Dear fellow shareholders
Update on the Colluli Sale TransactionThis  letter  is  to update  you  on  progress  made  on  the  proposed  transaction  with  Sichuan  Road  &  Bridge Group ("SRBG") announced on 3 October 2022 and provide guidance on the likely next steps. To date, we have made good progress through the due diligence process which is virtually complete. SRBG have  advised  us  that  all  reports  have  been  received and  reviewed, but further  clarifications  and explanations about the proposed transaction could be made during the PRC Government approval process. The definitive Share Sale Agreement ("SSA") is close to finalisation.  We are negotiating the final few points that need to be agreed before we can sign the SSA. After we have signed the SSA, we will issue a notice of meeting with an explanatory memorandum("NOM"). I expect the NOM to be issued approximately 2 weeks after we sign the SSA and for the shareholder meeting to approve the transaction to be held about 1 month after the NOM is issued. SRBG is well prepared for the PRC Government approval process they will need to follow before completing the transaction.Our  partners  in  Eritrea,  ENAMCO  and  the  relevant  Government  Departments  remain  supportive  of  the transaction and have been closely involved in helping us reach this point. The two major steps we don't control are the actual date of signing the SSA and the length of time it takes for SRBG to obtain the required PRC Government approvals. Overall, and subject to any unanticipated event or delay, I expect us to complete the transaction within the Indicative Timeline in our Announcement on 3 October 2022.
Your sincerely
Seamus Cornelius
Executive ChairmanDanakali Limited  

ASX Release: 28 December 2022

UPDATE ON COLLULI DEBT FACILITY WITH AFREXIMBANK AND AFRICA
FINANCE CORPORATION

Danakali Limited (ASX: DNK) (Danakali or the Company) refers to its announcement dated
23 December 2019 regarding the US$200 million senior debt facility with African Export Import Bank
(Afreximbank) and Africa Finance Corporation (AFC) in relation to the development and construction
of the Colluli Sulphate of Potash Project in East Africa (Facility) whereby Colluli Mining Share Company (CMSC) was the borrower and DNK was the guarantor.
As announced by the Company on 3 October 2022 and 1 December 2022, the Company has entered
into a term sheet for the sale of its interest in CMSC to Sichuan Road and Bridge Group Co., Ltd.
One of the conditions precedent to completion of the sale is termination of the Facility.
CMSC has confirmed that it no longer requires the Facility to be made available to it. The Company
confirms there are no outstanding liabilities owed by CMSC to AFC or Afreximbank.
The Facility was terminated by CMSC with effect from 21 December 2022.
This announcement has been authorised for release by the Board of Danakali Limited.
For more information, please contact:
Danakali
Seamus Cornelius Greg MacPherson
Executive Chairman Chief Financial Officer

https://stocknessmonster.com/announcements/dnk.asx-6A1130313/  

Binding Share Sale Agreement Executed for Sale of Colluli Interest

Highlights
• Binding share sale agreement executed for the sale of DNK’s 50% shareholding in CMSC to
Sichuan Road and Bridge Group Co., Ltd.
• Total consideration of US$166 million pre-tax.
• The deal, net of all government taxes means DNK will receive approximately US$121 million.
• Key conditions precedent to completion of the Transaction include:
o DNK shareholder approval;
o ENAMCO and Eritrean Government Ministry approval;
o Chinese regulatory approvals being obtained by the Purchaser.
• Subject to shareholder approval and following completion of the Transaction, DNK currently
plans to distribute approximately 90% of the net proceeds to DNK shareholders and DNK will
continue as a listed company to identify new projects and potential new alternative growth
opportunities.
• Parties aim to complete the transaction in the second quarter of 2023.

https://stocknessmonster.com/announcements/dnk.asx-6A1131512/  

Page 1 of 4
ASX Release: 25 January 2023
Quarterly Report
For the period ended 31 December 2022
Danakali Limited (ASX: DNK, Danakali, or the Company) is pleased to provide this quarterly update
on the activities and financial position of the Company and CMSC’s Colluli Potash Project located
in Eritrea, East Africa.
Corporate
Binding Share Sale Agreement Executed in Asmara for Sale of Colluli Interest
On 3 October 2022, the Company announced that it had executed a term sheet (Term Sheet) with
Sichuan Road and Bridge Group Co., Ltd. (SRBG) (the Purchaser), for the sale of Danakali’s 50%
shareholding in Colluli Mining Share Company (CMSC).
During the December 2022 quarter, work progressed on the due diligence and on finalisation of
the definitive share sale agreement.

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1133134/  

Page 1 of 2
ASX Release: 1 February 2023

Notice of General Meeting

Danakali Limited (ASX: DNK, Danakali or the Company) is pleased to confirm release of its Notice of
General Meeting (Notice) to shareholders.
The General Meeting will be held at 10:00am (AWST) on Thursday 2 March 2023 at The Celtic Club,
Presidents Room, 48 Ord Street, West Perth, Western Australia.
A copy of the Notice is attached to this announcement.

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1134627/  

Market Announcement
2 March 2023
asx.com.au
Danakali Limited (ASX: DNK’) – Trading Halt

Description
The securities of Danakali Limited (‘DNK’) will be placed in trading halt at the request of DNK, pending it releasing an announcement.
Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the
commencement of normal trading on Monday, 6 March 2023 or when the announcement is released to the market.

https://stocknessmonster.com/announcements/dnk.asx-6A1139029/  

Page 1 of 3
ASX Release: 2 March 2023
Results of General Meeting
In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, Danakali Limited (ASX: DNK, Danakali or the Company) provides the results of the General Meeting of Shareholders held at 10:00am (AWST) on 2 March 2023, as set out in the attached schedule.
The Company advises that the resolution was passed and decided by way of a poll.
The Company confirms that, as a consequence of receipt of shareholder approval of the Transaction
(as referred to in ASX announcements of 3 October 2022, 1 December 2022, and 12 January 2023), it
is proceeding to complete the Transaction.
The Company is continuing to work with Sichuan Road and Bridge Group Co., Ltd to satisfy the other
conditions precedent to completion of the Transaction (as set out in the Company’s ASX
announcement of 12 January 2023). Completion is expected to occur by 31 May 2023.
This announcement is intended to lift the trading halt requested by the Company on 2 March 2023 in
relation to its securities.

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1139101/  

ASX Release: 8 March 2023

Danakali Limited (ASX: DNK, Danakali or the Company) advises that, in accordance with ASX Listing
Rule 3.13.1 and clause 64.1(3) of its Constitution, it anticipates that it will hold its next Annual General
Meeting (AGM) no later than 31 May 2023.
In addition, the closing date for the receipt of nominations from persons wishing to be considered for
election as a director is 15 March 2023. Any nominations must be received in writing by no later than
5:00pm (WST) on 15 March 2023 at the Company’s registered office.

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1139895/  

Market Announcement
28 March 2023
Danakali Ltd (ASX: DNK) – Trading Halt
Description
The securities of Danakali Ltd (‘DNK’) will be placed in trading halt at the request of DNK, pending it releasing an announcement.
Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the
commencement of normal trading on Thursday, 30 March 2023 or when the announcement is released to the market.
Issued by
Scarlette de Lavaine
Adviser, Listings Compliance (Perth)

complete text:
https://hotcopper.com.au/threads/...ng-halt.7303798/?post_id=66989800  

6:19 pm 2022 Annual Financial Report

https://hotcopper.com.au/threads/...-report.7306822/?post_id=67028416

 

6:23 pm Appendix 4G

https://hotcopper.com.au/threads/...ndix-4g.7306828/?post_id=67028476

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6:22 pm Corporate Governance Statement

https://hotcopper.com.au/threads/...atement.7306825/?post_id=67028455