DANAKALI LTD

Danakali Ltd (www.danakali.com.au) is a resource company. The Company is engaged in advancing the Colluli Potash Project in Eritrea, East Africa. The Company's Colluli Potash Project is located in the Danakil region of Eritrea, East Africa. The Colluli Potash Project is located approximately 177 kilometers southeast of the capital, Asmara and approximately 180 kilometers from the port of Massawa. The project is a joint venture between Eritrean National Mining Corporation (ENAMCO) and the Company. The Colluli resource consists of three potassium-bearing salts in solid form: sylvinite, carnallitite and kainitite. The potassium bearing salts produce a range of potash types, including muriate of potash (MOP), sulfate of potash (SOP) and sulfate of potash-magnesia (SOP-M).

• DANAKALI LTD