Agrimin's activities and progress for the quarter ending 31 March 2024

Agrimin Limited (ASX: $AMN) is pleased to report its activities for the quarter ending 31 March 2024. The company received a Research and Development tax refund of $1.0 million, completed a Share Purchase Plan raising $2.9 million, and reported ongoing progress on the Mackay Potash Project in Western Australia. The Project aims to establish itself as the world's leading seaborne supplier of Sulphate of Potash (SOP) fertiliser, with a focus on sustainable food security for future generations.

Executive Commentary on Mackay Potash Project and Company Activities

Agrimin's vision of sustainable food security through the Mackay Potash Project is progressing well. The ongoing process test work has demonstrated successful conversion to Schoenite, and the environmental impact assessment response compilation is underway. The company is committed to sustainable and ESG-friendly development, with strong engagement with Indigenous people and Traditional Owners, and a significant commitment to training and employment opportunities for Indigenous people. The Project is expected to create approximately 200 direct full-time jobs and support over 600 jobs through the regional supply chain over its 40-year life, generating valuable long-term opportunities for Indigenous people and the broader community.

Summary of Agrimin's Quarterly Activities and Future Outlook

Agrimin's focus on the Mackay Potash Project and its commitment to sustainable food security and environmental responsibility are evident in the progress made during the quarter. The company's efforts to establish itself as a leading seaborne supplier of SOP fertiliser from Lake Mackay align with the increasing global food demand predicted by the Food and Agriculture Organization of the United Nations. With ongoing engagement with Indigenous communities, exploration activities, and corporate funding, Agrimin is poised to contribute significantly to the global food security landscape. The company's outlook remains positive as it advances towards a Final Investment Decision for the Mackay Potash Project and continues to engage with stakeholders and regulatory authorities for project approvals.