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Australian Potash develops offtake channels as trial pond construction underway

Australian Potash Ltd (ASX:APC) managing director & CEO Matt Shackleton updates Proactive Investors on the potash developer's trial evaporation pond construction program underway at its Lake Wells Sulphate of Potash (SOP) Project in WA.
 
The project will include more than 10 square kilometres of on-playa evaporation ponds which will promote the precipitation of halite while increasing potassium and sulphate concentrations in the brine.
 
Shackleton says the company is also endeavouring to develop formal offtake relationships with Chinese fertiliser companies. 
 
He notes that Australia has a small potash market compared to the amount of SOP Lake Wells can produce, highlighting the importance of overseas offtake channels to get the project into development. 

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ASX:APC
Market: ASX
Market Cap: $41.36 m
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