New Risk • May 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€10.0m market cap, or US$11.7m). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Paul Donaldson was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 13
Danakali Limited, Annual General Meeting, May 28, 2026 Danakali Limited, Annual General Meeting, May 28, 2026. Location: at suite 1, level 14, 221 st georges terrace, perth, wa 6000 Australia Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jon Coates was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 03
Danakali Limited, Annual General Meeting, May 31, 2024 Danakali Limited, Annual General Meeting, May 31, 2024, at 10:00 W. Australia Standard Time. Location: Suite 1, Level 14,221 St Georges Terrace Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 31 December 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to elect Director- Jon Coates; to return Capital to Shareholders; and to re-insert proportional takeover provisions. Tillkännagivande • Oct 23
Danakali Limited Proposes Dividend from the Sale of the Its Interest in the Colluli Potash Project, Payable on 8 January 2024 Danakali Limited proposed a dividend of 14.7 cents per share to shareholders from the sale of the Company's interest in the Colluli Potash Project. Danakali expects the distribution will be made on 8 January 2024, based on registered shareholders as at 2 January 2024 and subject to shareholder approval. The dividend of 14.7 cents per share does not require shareholder approval. Tillkännagivande • Jun 16
Danakali Limited Announces Board Changes Danakali Limited announced the resignation of two of its directors, Neil Gregson and Samaila Zubairu, effective 15 June 2023. They step down from the board following the successful sale of the colluli project. Mr. Gregson joined the Company's board as an Independent Non-Executive Director in August 2020. With a career spanning more than 35 years in senior asset management roles with Credit Suisse and JPM Global Natural Resources Fund, Mr. Gregson brought extensive experience and expertise in the mining and natural resources industry. The Company expresses its deep appreciation for his valuable contribution and wishes him every success and good health. Samaila Zubairu joined the Company's board as a Non-Executive Director in April 2020. A champion for African value capture, job creation and industrialization, and the President and CEO of the Company's shareholder, Africa Finance Corporation, he brought a wealth of knowledge and experience in the finance, development and investment sectors. The Company expresses its deep gratitude to Mr. Zubairu for his significant contributions and also wishes him every success and good health. Tillkännagivande • Feb 03
Danakali Limited to Report Q4, 2022 Results on Jan 23, 2023 Danakali Limited announced that they will report Q4, 2022 results on Jan 23, 2023 Tillkännagivande • Apr 23
Danakali Limited, Annual General Meeting, May 26, 2022 Danakali Limited, Annual General Meeting, May 26, 2022, at 10:00 W. Australia Standard Time. Location: The Celtic Club, Presidents Room, 48 Ord Street, West Perth Western Australia Australia Agenda: To receive and consider the Financial Report of the Company for the year ended 31 December 2021, together with the Directors' Report and the Auditor's Report as set out in the Annual Report; and to discuss other matters. Tillkännagivande • Mar 31
Danakali Limited Auditor Raises 'Going Concern' Doubt Danakali Limited filed its Annual on Mar 29, 2022 for the period ending Dec 31, 2021. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Tillkännagivande • Mar 02
Danakali Limited Appoints Greg MacPherson as Chief Financial Officer Danakali Limited advises that Mr. Greg MacPherson has been appointed to the position of Chief Financial Officer of the company, commencing 1 March 2022. Mr. MacPherson has held the position of Head of Finance for the last year and prior to this role held the Position of Financial Controller for the Company from 1 October 2018 to 31 March 2021. Mr. MacPherson has a strong technical finance background and is a qualified Chartered Accountant. Tillkännagivande • Dec 20
Danakali Limited Provides Market Update on the Rock Salt Market Potential and Export Capacity from the Colluli Project Danakali Limited provided a market update on the Rock Salt market potential and export capacity from the Colluli Project. DNK has previously stated its JORC-2012 compliant SOP reserve of 1.1Bt and the JORC-2012 compliant mineral resource of 347Mt of Rock Salt. With the test work completed and the mine plan confirmed in FEED mining during Modules 1 and 2 will produce an estimated 128Mt of Rock Salt at an annual production rate of 1.8mtpa, from the Upper Rock Salt layer. The Rock Salt will initially be stockpiled at site in preparation for export from the proposed Anfile Bay export terminal during the first 60 years. With the recent rise in Rock Salt prices and new end uses in battery technology being developed by CATL(2) DNK considers Colluli's Rock Salt as a potential economic resource. The company consider FEED inaccurately described Rock Salt as a waste product from the mining process. Whilst Colluli' s primary focus is to develop the Colluli Project with the intention of exporting premium SOP to its target markets, the mine plan requires Colluli to mine through the Upper Rock Salt in order to access the target salt layers of carnallitite, sylvinitite and kainitite that start at 16 metres below surface. Colluli will produce a 96.9% pure Rock Salt which is produced as what was previous described as waste from the open-cut mining process. The final transportation and shipping cost have not been determined but the Rock Salt will most likely be sold FOB as a bulk commodity. Tillkännagivande • Sep 25
The Financial Conduct Authority Removes the Securities of Danakali Limited from the Official List The Financial Conduct Authority ("the FCA") removed the securities (Ordinary shares of no par value; fully paid) of Danakali Limited set out below from the Official List effective from September 24, 2021 08:00. Tillkännagivande • Aug 12
Danakali Limited Proposes Cancellation of London Listing Danakali Limited announced that in accordance with Listing Rule 5.2.4R the Company has requested that the Financial Conduct Authority cancel the admission of the Company's ordinary shares to the Standard Segment of the Official List, and in accordance with Section 4.18 of the London Stock Exchange's Admission and Disclosure Standards has informed the London Stock Exchange of such cancellation. It is expected that the admission of the Company's ordinary shares to the Standard Segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities will be cancelled with effect from 0800 London time on September 24, 2021 (Cancellation). Danakali will retain the listing of its ordinary shares on the ASX. Breakeven Date Change • Jul 29
No longer forecast to breakeven The 2 analysts covering Danakali no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$5.08m in 2023. New consensus forecast suggests the company will make a loss of AU$9.00m in 2023. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Neil Gregson was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 17
Danakali Limited Announces Colluli Project Update Danakali Limited announced that CMSC has completed its Test Work and optimized the process plant design and mass balance using filtered seawater, significantly reducing capex, opex and maintenance costs. The results prove that Colluli ore will produce predictable high grade (51.0%, K2O) SOP at low chloride levels (< 0.5%) at the stated 472,000 tonnes per annum from Module 1 & 2. These Test results are the outcome of six (6) months detailed analysis conducted in collaboration with world leading industry experts Saskatchewan Research Council (SRC), Global Potash Solutions (GPS), DRA Global, and CasCan. The company worked closely with its offtake partners, EuroChem, to ensure high quality SOP was produced in line with international standards. This Test Work builds on the previous FEED study and optimises CMSC process design using industry standard equipment and process combining: the use of filtered seawater; column flotation & equipment testing; co-processing of carnalitite and sylvinitite ore; mass balance determination; Colluli ore (unique); decomposition results; desliming & leaching; particle size & collector dosage. all that reduce project, environmental, operational, finance and market risk. This reinforces the benefits at Colluli with its unique natural resources and in situ supplemental potassium that result in significant economic advantages. Tillkännagivande • May 27
Danakali Limited Confirms Significant Economic, Construction, Operational and Environmental Optimisations At the Wita Using Filtered Sea Water Danakali Limited announced that extensive test work has confirmed significant economic, construction, operational and environmental optimisations at the WITA using filtered sea water. This testwork has confirmed that filtered sea water is a reliable, unlimited and economic option in Colluli's Sulphate of Potash (SOP) production process. CMSC confirms it will now rely upon a combination of beach well intake, smaller pumping station and greater renewable energy to pump filtered sea water to the SOP processing plant at the Colluli mine site. Testing in 2015 proved that SOP could be made from Colluli ore, but only at higher water rates with Reverse Osmosis fresh water. What was achieved with recent test work with Saskatchewan Research Council in 2021 demonstrates that high quality product only using seawater is assured. Tillkännagivande • May 19
Danakali Limited Provides an Update of the Colluli Potash Project Danakali Limited provided an update of the Colluli Potash Project (Colluli or the Project), located in Eritrea, East Africa. The Project is 100% owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO). The company provided a Project progress update on the early works program with confirmation that instructions have been issued to WEC Projects (WEC) in South Africa to complete the RO Plant manufacturing and function testing ready for shipment to Eritrea. WEC has confirmed that manufacturing of the RO Plant will be complete, and it will be ready for shipment to Massawa in Eritrea in 3-4 months. The total contract value for the RO plant is USD 1.6 million. Tillkännagivande • May 13
Danakali Receives AUD 20.3 Million, Before Costs, from Institutional and Sophisticated Investor Placement Danakali Limitedprovided an update of the funds received for the Colluli Potash Project (Colluli or the Project), located in Eritrea, East Africa. The Project is 100% owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO). Tillkännagivande • Feb 26
Danakali Limited Announces That the Role of Niels Wage, the Company's Chief Executive Officer, Has Been Made Redundant Danakali Limited announced that With the ongoing serious disruption to international travel caused by the Covid-19 pandemic the Company advises that as part of the restructure of roles and responsibilities which will increase efficiencies and reduce operating costs, the role of Mr. Niels Wage, the Company's Chief Executive Officer, has been made redundant. His responsibilities will be assumed by the Executive Chairman with support from other team members. Mr. Wage joined Danakali in June 2018 as Chief Commercial Officer before assuming the role of CEO in March 2019. Is New 90 Day High Low • Feb 24
New 90-day high: €0.33 The company is up 60% from its price of €0.21 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.11 per share. Is New 90 Day High Low • Jan 19
New 90-day high: €0.29 The company is up 23% from its price of €0.23 on 19 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.68 per share. Is New 90 Day High Low • Nov 16
New 90-day low: €0.21 The company is down 27% from its price of €0.29 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 6.0% over the same period. Tillkännagivande • Oct 13
Danakali Appoints McEachern Rod as COO, Effective 3 December 2020 Danakali Limited announced that Dr. McEachern Rod has been appointed as Chief Operating Officer (COO) for Danakali, effective from 3 December 2020. As COO, Dr. McEachern will be responsible for the design and set up of the operation readiness including safe and sustainable mining and processing operations for Colluli Mining Share Company (CMSC). In the two decades prior to joining Danakali, he held senior management roles as Director, Process and Product Innovation at Nutrien, Saskatoon and a number of senior roles with PotashCorp as Senior Director for Innovation and General Manager at the Allan facility. Rod was seconded to Arab Potash as VP of Operations in Amman Jordan. Is New 90 Day High Low • Oct 12
New 90-day low: €0.23 The company is down 21% from its price of €0.29 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: €0.26 The company is down 14% from its price of €0.30 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period. 
