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LON:SO4

Salt Lake Potash Ltd

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Market:
LON
Market Cap:
£111.35 m
Price
£0.44
Change
0.00%
52 weeks high
47.75
52 weeks low
22.00

In brief

Salt Lake Potash is developing the Goldfields Salt Lakes Project, which we plan to be the most sustainable, most rewarding fertiliser project in the world. An initial 50,000tpa Demonstration Plant will provide the template for a very large scale, very long life and very economic project across a number of salt lakes, delivering premium, organic nutrients to the world’s farmers.

The Company plans to produce the premium product Sulphate of Potash (SOP) from extracting hypersaline brine from salt lakes, transporting the brine in a series of solar evaporation ponds to produce potassium-rich harvest salts which can then easily be converted in SOP for the domestic and international markets.

SOP is the premium source of potassium (macro-nutrient) favoured by high value, chloride intolerant crops.

The Company’s long term plan is to develop an integrated SOP operation, producing from a number (or all) of the lakes within the GSLP, after confirming the technical and commercial elements of the Project through construction and operation of a Demonstration Plant producing up to 50,000tpa of SOP.

Salt Lake Potash will progressively explore the lakes in the portfolio with a view to estimating resources for each Lake, in parallel with the development of the Demonstration Plant. Exploration of the lakes will be prioritised based on likely transport costs, scale, permitting pathway and brine chemistry.

 

Insight

Deep dive

Australian Potash implementing final stages of DFS work plan

The company’s $5.3 million rights issue to fund completion of its DFS closes this week.

on 5/3/19