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Salt Lake Potash Ltd

Construction now underway at Salt Lake Potash’s Lake Way project

Lake Way is the most advanced project in a broad portfolio of assets

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Evaporation ponds in Western Australia

Salt Lake Potash Ltd (LON:SO4) ended the quarter to 31 March 2019 with A$6.8mln cash in hand.

The company’s estimated expenditure for the current quarter was put at A$6.2mln, of which A$2.5mln is earmarked for exploration and A$2.5mln for development work.

READ: Salt Lake Potash to direct share of $12 million cash toward Lake Way in Goldfields

A$1.5mln is set aside for staff costs.

The main focus of work remains the Lake Way brine project in Western Australia, which is now estimated to contain more than 80mln tonnes of sulphate of potash at very high grades.

Construction for the first phase of operations at Lake Way is now underway, following the granting of the relevant permits.

 

Quick facts: Salt Lake Potash Ltd

Price: £0.47

Market: AIM
Market Cap: £120.31 m
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Salt Lake Potash to begin BFS at Lake Way SOP Project

Salt Lake Potash Limited (ASX: SO4) chief executive officer Tony Swiericzuk speaks to Proactive Investors about a bankable feasibility study (BFS) which is underway at the Lake Way Sulphate of Potash (SOP) Project. This follows a scoping study, which he says produced very strong results...

on 27/6/19

2 min read