Name and Location
Dallol potash project, Ethiopia.

Client
Allana Potash.

Project Description
The Dallol project comprises four potash deposits in Ethiopia’s northeastern Danakil Depression, totalling about 312 km2 and covering 160 km².

The project has measured and indicated mineral resources totalling 1.298-billion tonnes containing 251-million tonnes of potash and additional inferred mineral resources of 588-million tonnes containing 109-million tonnes of potash.

Value
Not stated.

Duration
Not disclosed.

Latest Developments
Allana’s environmental-, social-, and health-impact assessment (ESHIA) has been approved by the Ethiopian Environmental Protection Authority and the Ministry of Mines and Energy. The approval of the ESHIA is an important milestone in the granting process of the mining licence for the project.

The groundwork for Allana's ESHIA work was laid about two years ago when the International Finance Corporation (IFC) acquired 4% of Allana pursuant to a private placement financing. Since then, Allana and the IFC have worked closely to implement management and action plans and meet IFC performance standards.

Approval of the ESHIA is conditional on the fulfillment of several action plans, most of which have been identified in the ESHIA and are already in place. These include the monitoring of groundwater in the region and the resettlement of two small villages, both of which are still ongoing, and a commitment to community development, which is part of Allana's community development plan.

Approval of the Company's ESHIA is necessary for the granting of a mining licence in Ethiopia. The Ministry continues to review Allana's application for the licence and meetings indicate significant progress has been made in the evaluation of the company's feasibility study. While this work continues, Allana is optimistic that the granting of the mining licence will occur in the next few months.

Key Contracts and Suppliers
IFC (financial investment).

On Budget and on Time?
To early to state.

Contact Details for Project Information
Allana Potash CEO Farhad Abasov, tel +1 416 309 2691 or email fabasov@allanapotash.com.