Quarter Highlights Multiple Developments
Agrimin Limited, also known as AMN on the Australia Securities Exchange, has released its quarterly activities report for the period ending 30 June 2025. The Company progressed its Mackay Potash Project, advanced exploration in West Arunta, and completed key corporate activities. Agrimin secured equity commitments, finalised a corporate restructuring, and maintained a cash balance of $2.8 million.
Agrimin Ltd (ASX:AMN)
Strategic Review of Mackay Potash Project
The Mackay Potash Project remains the Company’s flagship asset. Located on Lake Mackay in Western Australia, it spans over 3,000km² and includes nine granted exploration licences. Agrimin fully owns the project and holds native title agreements covering both the site and proposed logistics routes.
Agrimin commenced a strategic review in February 2025. The process includes evaluation of project approvals, tenure, native title obligations, design plans, and capital market conditions. The Company has reduced related overheads and continues to seek advancement opportunities.
Approvals and Government Assessments
The Mackay Potash Project has cleared key environmental hurdles in Western Australia. The Western Australian Environmental Protection Authority completed its review and issued a favourable ministerial statement on 20 January 2025.
The Commonwealth Department of Climate Change, Energy, the Environment and Water awaits the strategic review’s outcome. A decision from the department remains on hold.
Community and Government Engagement
Agrimin Limited (ASX:AMN) maintained consistent engagement with local communities and government departments. The Company conducted on-country meetings and met with ministers at federal and state levels. Agrimin reported strong community support and intends to conduct further meetings in the coming months.
West Arunta Exploration Activities Progress
The Company holds significant tenements in the West Arunta region. This area has drawn increased attention for its critical minerals, including rare earth elements, niobium, phosphate, and potentially copper and gold.
Agrimin continued exploration targeting activities across its holdings. The Company holds granted licences and Mining Entry Permits across geological targets and is assessing broader regional opportunities.
Corporate Update and Capital Raising
Agrimin Limited secured binding commitments for $2.5 million through a two-tranche equity placement. Tranche 1 settled on 6 June 2025, raising $2.31 million. Approval for Tranche 2, valued at $190,000, will be sought at a general meeting scheduled for 30 July 2025.
Funds raised will be used for Mackay Project expenditure, exploration and generation activities, and general working capital.
Also Read:
Restructuring of Tali Resources Completed
Tali Resources Pty Ltd, Agrimin’s 40%-owned subsidiary, completed a corporate restructure. The restructure separated its shareholding in WA1 Resources Ltd from its exploration assets in the West Arunta.
WA1 shares are now held under Niobium Holdings Pty Ltd, in which Agrimin retains a 40% interest. Niobium Holdings owns around 12% of WA1 and carries minimal costs outside of compliance.
Tali Resources Lists on ASX
Tali lodged its IPO prospectus on 10 June 2025, aiming to raise $7.5 million. It included a $2 million priority offer to eligible Agrimin shareholders. The IPO opened on 18 June and closed on 25 June 2025. Tali listed on the ASX on 18 July 2025. Agrimin now holds approximately 27% of Tali’s issued shares.
Executive Changes and Expenditure
Rhys Bradley resigned as Chief Financial Officer and Company Secretary. Briohny McManus was appointed Company Secretary on 19 May 2025.
Agrimin Limited (ASX:AMN) reported $97,000 in exploration and evaluation expenditure for the quarter. The amount primarily related to rehabilitation and native title commitments. No expenditure was recorded for development or production.
Payments to Related Parties
Total payments to related parties and associates reached $119,156 for the quarter. These included director fees, executive remuneration, and advisory services through Fivemark Capital Pty Ltd.
Tenement Interests Maintained
Agrimin holds 100% interest in all listed exploration licences and lease applications associated with the Mackay Potash Project. No change in tenement status was recorded during the quarter.
Conclusion
Agrimin Limited (ASX:AMN) remains focused on advancing its Mackay Potash Project while supporting exploration across its West Arunta holdings. The Company maintains a strategic approach, aiming to leverage market improvements and regulatory progress.
