Danakali Limited: Distributions and Growth Prospects

Danakali Limited (AU:DNK) has released an update.

Danakali Limited has successfully distributed A$154.7 million to shareholders following the sale of its Colluli Potash Project, with a further 2 cents per share proposed. The company is actively pursuing new exploration opportunities in Eritrea and Saudi Arabia, evidenced by its application for the Ela Gadel license and a review of prospects in the Arabian-Nubian Shield. Despite a temporary suspension from the ASX, the company, with a strong cash position of A$38.9 million, is exploring ways to relist and provide liquidity options.

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