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Sirius Exploration (LON:SXX) report:Moving ahead with potash prospects

August 23, 2010, Monday, 15:56 GMT | 10:56 EST | 20:26 IST | 22:56 SGT
Contributed by Daniel Stewart & Company


By Daniel Stewart & Co

 

- Sirius is moving ahead with the exploration of its potash prospects in the USA and Australia. In the USA, it has received permission to drill a deep borehole to test the potash at its Dakota Salts project. Work should start in Q4 2010.


- In Australia, the company has just received the results of technical studies, examining the geological potential of the licences in Queensland. These studies will be used to plan a drilling campaign to test the potential for potash there.