Proactive Investors - Run By Investors For Investors

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

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

View full SO4 profile View Profile

Salt Lake Potash Ltd Timeline

Related Articles

Entrepreneur Tony Sage
November 28 2018
The company is firming up supplies of copper and cobalt in the DRC and Zambia.
Process plant
May 16 2019
AfriTin has also discovered lithium as well as tin and tantalum
A map of Africa showing Nigeria
April 18 2019
The company is hoping to reach targeted funding agreements with various parties.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use