Proactive Investors - Run By Investors For Investors

Salt Lake Potash reveals positive scoping study results for sulphate of potash plant

The company's shares closed about 8% higher intra-day, at 50 cents.
Illustration of trenching
Illustration of trenching

Salt Lake Potash Ltd (ASX:SO4) has revealed a low capex, highly profitable, staged development model following its scoping study for a 50,000 tonnes per annum (tpa) sulphate of potash (SOP) demonstration plant.

The demonstration plant is intended to validate the technical and commercial viability of brine SOP production from the company’s Goldfields Salt Lakes Project (GSLP) in Western Australia, providing the basis to build a world class SOP operation across the nine lakes in the GSLP.

Williamson pit and brines

Salt Lake plans to construct the Williamson Ponds by the end of 2018, in parallel with completing a feasibility study for the demonstration plant, followed by initial kainite salt harvesting in mid-late 2019.

After the feasibility study, the company anticipates completing the balance of the on-lake infrastructure - evaporation ponds and trenches - while the fabrication of the process plant is completed offsite.

Scoping study results

Salt Lake will pursue a fast-track, staged approach to the development of a demonstration plant at Lake Way, taking advantage of the unique circumstances of the Williamson Pit to accelerate the development timeline, while also de-risking the project at each stage.

View full SO4 profile View Profile

Salt Lake Potash Ltd Timeline

April 27 2017

Related Articles

September 20 2018
The company is hoping to mine its graphite flake, see it turned into concentrate, then produce spherical graphite to supply Korean lithium-ion battery-makers.
Picture of pilot plant
April 05 2018
An impressive pre-feasibility study features a pre-tax valuation of $227 million for start-up capital expenditure of $65 million.
September 26 2018
Mt Gilmore Project and the Cobalt Ridge cobalt prospect are priority focuses for the company which will present at the RIU Resources Investor Roadshow in Melbourne tomorrow.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use