Danakali Limited (OTCMKTS: SBMSF) is an Australia-based mineral development company focused on the advancement of the Colluli Potash Project in Eritrea. The company’s core business is the development and eventual operation of what is anticipated to be one of the world’s most economical sources of Sulphate of Potash (SOP), a high‐value fertiliser widely used in precision agriculture for fruits, vegetables and specialty crops.
Danakali holds a 60% interest in the Colluli joint venture with the Eritrean National Mining Company (ENAMCO). The project benefits from significant near-surface sylvinite and carnallite resources, proven infrastructure access via existing rail and port networks, and favorable climate and hydrogeology that support an innovative solar evaporation process. A Definitive Feasibility Study completed in 2018 outlined an initial production capacity of approximately 300,000 tonnes of SOP per annum, with clear pathways for scale-up to meet growing global demand.
The company is dual-listed on the Australian Securities Exchange (ASX: DNK) and the London Stock Exchange’s AIM market, with its American Depositary Shares trading in the U.S. under ticker SBMSF. Headquartered in Perth, Western Australia, Danakali is led by Managing Director Mark Jones and a board comprising mining, finance and project-development experts. The leadership team has secured binding offtake agreements and is in advanced discussions on project financing to transition Colluli from development into production.
With its strategic location in the Horn of Africa, Danakali is positioned to serve agricultural markets across Europe, Asia and North America. The company emphasizes community engagement, environmental stewardship and sustainable operations as it advances towards a final investment decision and the next stage of construction at Colluli.
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