$12m Capital Raising to Advance Lake Wells SOP Project

 Proceeds used to advance the Lake Wells Sulphate of Potash Project focusing on continued bore development and de-risking Final Investment Decision, earthworks and working capital  The first tranche of the placement to be completed utilising existing placement capacity under ASX Listing Rule 7.1, raising A$7.8 million, with the second tranche raising A$4.2 million subject to shareholder approval