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Salt Lake Potash Ltd

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Market:
AIM
Market Cap:
£146.33 m
Price
23.62 GBX
Change
-0.55%
52 weeks high
37.90
52 weeks low
14.36

In brief

Salt Lake Potash Ltd is advancing the development of its flagship sulphate of potash (SOP) project, Lake Way, in the Western Australian Goldfields. The Perth-based company is aiming to develop a 245,000 tonnes per year SOP operation. EBITDA is likely to be A$111 million per year and Lake Way would have one of the lowest operating costs for global SOP producers. As of November 2020, construction of the project is 74% complete.

Snapshot

  • Owns rights to nine lakes in Western Australian Goldfields
  • Building sustainable sulphate of potash (SOP) project
  • Lake Way likely to be lowest SOP cost in world