Salt Lake Potash Ltd (AIM:SO4, ASX:SO4, OTC:WHELF, LSE:SO4) has been granted a trading halt by the ASX with an announcement pending in regard to a material update for the Lake Way SOP Project.
The halt will remain in place until the start of regular trading on Thursday, July 29, or until an announcement is released to the market, whichever occurs earliest.
Shares last traded at A$0.31 while the company’s market cap is approximately A$256.3 million.
Close to production
The company is close to first production from Lake Way near Wiluna in Western Australia with the process plant issued with a Practical Completion certificate from GR Engineering Services early this month.
The plant handover to the Salt Lake Potash operations team is now complete.
Plant commissioning work continues, with the first sulphate of potash (SOP) product expected in the weeks ahead.
At the time CEO & managing director Tony Swiericzuk said: “The SO4 operations team continues to work towards continuous operation of the process plant to deliver first SOP, expected over the coming weeks.”