viewSalt 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

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: 32.5 GBX

Market: AIM
Market Cap: £94.34 m

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Full interview: Salt Lake Potash raises $45.5 million through placement and...

Salt Lake Potash Ltd (ASX:S04) (LON:SO4) CEO Tony Swiericzuk updates Proactive on a $23.5 million placement and the securing of $22 million in additional debt from Taurus Funds Management for the ongoing development of the Lake Way Sulphate of Potash (SOP) Project in WA. The CEO also provides...

on 12/12/19

2 min read