Parkway Minerals (ASX: PWN) is a fertiliser feedstock exploration company, focused on large greensand deposits, rich in phosphate and potash minerals which are the two most essential elements in the production of commercial fertilisers.
Parkway holds two fertiliser feedstock projects in Western Australia that include Dandaragan Trough and Lake Seabrook Potash Brine Project. At Lake Seabrook, the company recently reported encouraging brine assays of up to 4,209 mg/L returned from the near surface water samples. Having completed sampling over approximately half of the project area, the company is expected to undertake follow-up work to investigate the extent of deeper brine values and paleochannels.
Parkway further aims to produce phosphate and sulphate of potash fertilisers and a range of valuable by?products from the phosphate and glauconite present within the sediments of the Dandaragan Trough. More interestingly, the company’s latest announcement of acquiring Consolidated Potash is expected to strengthen the foundation of its project and technology portfolio.
In addition, Parkway owns 44.3 million shares (equivalent to ~31% holding) in Davenport Resources (ASX: DAV) having potash mining licences in Central Germany. Besides, the company has also undertaken a strategic investment of ~6.5mn shares in Lithium Australia (ASX: LIT).
The company is focused on securing cost advantageous opportunities to deliver potash products into local, Asian and European markets more favourably than can be achieved from the Company’s Western Australian deposits, on from existing suppliers. The ultimate objective of the company is to identify a substantial resource base and investigate what could be the best possible method to recover phosphate, potash, and other minerals from the greensand. If successful commercially, Parkway expects to become a major contributor to the fertiliser market at a time of heightened demand.
Let us have a look at the management of the company who drive its overarching vision.
Adrian Griffin, Non-Executive Chairman
BSc (Hons) MAusIMM, MGSA, TMS
A pioneer of the lateritic nickel processing industry, Mr Adrian Griffin was appointed as a Non-Executive Chairman of Parkway Minerals on 12 November 2010. He is an Australian-trained mining professional with an exposure to metal, mining and processing industry globally during his career, spanning over the three decades.
Mr Griffin has helped develop extraction technologies for a range of minerals while currently specialising in mine production and management. He is a former Chief Executive Officer (CEO) of Dwyka Diamonds Limited, an ASX and AIM-listed diamond producer.
Mr Adrian Griffin has been the founding director of a number of companies, which include Ferrum Crescent Limited, Washington Resources Limited, Empire Resources Limited, and Reedy Lagoon Corporation Limited.
He also served as a managing director of an ASX-listed company focused on lithium extraction from mica ores- Lithium Australia NL (ASX: LIT). Further, Mr Griffin was a founding director of Northern Minerals Limited (ASX: NTU), where he is presently serving as a non-executive director.
Patrick McManus, Managing Director
BSc (Hons), MBA, FAusIMM, FAICD
Mr. Patrick McManus, a mining professional, known for his overseas work, holds a degree in mineral processing from Leeds University and a Master of Business Administration (MBA) from Curtin University. He has more than 30 years of experience and has worked globally at many sites including Madagascar, Eneabba and the Murray Basin in Australia, Indonesia and the United States. During that time, Patrick has worked for Bemax Resources Limited, RGC Limited and RioTinto in technical, operational, and corporate roles.
Mr McManus was appointed as a Managing Director in Parkway Minerals on 23 November 2010. He was a founding director of ASX-listed Corvette Resources Limited and also served as a managing director of that company from January 2007 to March 2010.
Natalia Streltsova, Non-executive Director
MSc, PhD (Chemical Engineering), GAICD, MSME, MCIM
Coming from a strong mineral processing and metallurgical background, Dr Natalia Streltsova has laid the robust foundation of international experience in project development with major mining houses at senior level, with over 27 years of experience.
Dr Natalia Streltsova was appointed as Non-Executive Director on 30 June 2015. She had spent around 15 years, prior to forming her own consulting business in 2014, in many leadership and technical roles with various well-renowned mining houses including Vale SA, formerly known as CVRD, WMC Resources Limited, BHP Billiton.
In her work career, Dr Streltsova had a considerable interaction with operations to identify as well as to provide support and executive innovative projects leading to increased production rate and cost cutting. Dr Natalia Streltsova has a broad history in the development of international businesses, projects and its capacities.
Previously, Dr Streltsova has been a director on a number of collaborative industry boards and on several Vale subsidiary boards. She was also a Non-Executive Director CopperMoly Limited (ASX: COY)
Amanda Wilton-Heald, Company Secretary
Ms. Amanda Wilton-Heald was appointed as a Company Secretary on 7 March 2018 following the resignation of former secretary Elizabeth Hunt. Ms. Amanda Wilton-Heald is a Chartered Accountant with more than 19 years of experience within Australia and in the United Kingdom. Her experience includes the auditing of the company financial statements of both ASX- and LSE-listed companies, an accounting role with an AIM-listed company in the UK specialising in the provision of collaboration technology, and involvement in the ASX listings of junior exploration companies, as well as the provision of corporate advisory and company secretarial services.
Robert van der Laan, Chief Financial Officer
A qualified accountant, Mr. Rovert van der Laan was appointed as a Chief Financial Officer on 13 May 2011. He has over 25 years of experience in the risk and financial management systems of companies operating in the resources and engineering sectors.
On 5 September, PWN is trading at a $0.006 with a market capitalisation of $4.34 million (as at 3:22 PM AEST). Over the past six months, the stock has soared up by 33.33% including the positive performance change of 71.43% in the past three months.
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