Allana Potash Corp. (TSX: AAA) - in Brief

Allana Potash Corp. is a TSX (AAA) listed junior potash exploration company with significant property in the Danakhil Depression, Ethiopia. Its strategy is to identify high potential but largely overlooked mineral deposits by leveraging the ability of its talented exploration teams to recognize geological opportunities. The Dallol potash project in Ethiopia is its prime property and has shown significant potential over the currently available NI compliant estimates. The company is managed by a strong executive team with significant experience in potash and fertilizer sectors.

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Straddling a quality asset: Allana Potash Corp. (AAA: TSX) is a pure play on potash as it currently has a high-potential property in Ethiopia that can generate significant potash resource. Its Dallol potash property in the evaporite basin of Danakhil Depression, Ethiopia holds significant potential as seen from the historical data and the current interest in the region. The company has current NI 43-101 compliant resource estimates of 105.2 million tonnes with a composite grade of 20.8 % KCl.
Potential for low cost production: Allana’s potash deposit at Dallol is near surface and amenable to solution or open pit mining. Both these methods require less Capex. Possible use of solar evaporation and geothermal power, lower local wages and absence of known environmental and permitting issues can result in significantly lower operating cost.
Potential for Strategic Partnerships: The management is actively pursuing strategic partnership options to develop the potash property and has received strong interest from some large mining groups.
Allana offers near-term return and long-term potential: The long-term potential of the stock is embedded in the substantial drilling program that Allana is planning during 2009 to increase the current NI 43-101 resource estimates.

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Allana Potash Corp. (TSX: AAA) - in Brief

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Allana Potash Corp. (TSX: AAA) - Investment Highlights