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Salt Lake Potash Ltd

Salt Lake Potash non-executive director makes $300,000 share purchase

Construction has commenced on Australia’s first salt-lake brine SOP production operation.

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Shares in the company are up around 30% year to date, last priced at 59 cents

Salt Lake Potash Ltd (ASX:SO4) non-executive director Matthew Syme, its former chief executive officer, has acquired 750,000 shares in the company for $300,000.

The transaction came about through the exercise of incentive options priced at 40 cents and increases Syme’s holding in the company to 5.25 million shares.

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

Salt Lake Potash is the owner of nine large salt lakes in the Northern Goldfields Region of Western Australia.

The immediate focus is on the rapid development of the Lake Way Project, intended to be the first salt-lake brine sulphate of potash (SOP) production operation in Australia.

Construction commenced in March 2019 on Australia’s first commercial scale on-lake evaporation ponds.

The construction of the initial Lake Way Ponds is on track to be completed by the end of the current June quarter.

Quick facts: Salt Lake Potash Ltd

Price: £0.44

Market: AIM
Market Cap: £111.35 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