In a presentation at the company’s annual general meeting (AGM) this week, the project schedule revealed a busy period ahead.
The nearest milestone to be complete is the finalising of a binding offtake agreement, scheduled to be completed by the end of February 2020.
During this time, FEED work, various approval processes, and financing processes will continue to advance.
$3.1 billion of pre-tax free cash flow
The definitive feasibility study (DFS) released in August 2019 envisions a 30-year operation producing 4.5 million tonnes of premium high-grade sulphate of potash (SOP) and generating $3.1 billion in pre-tax free cash flow.
The mining method used is a brine bore-field abstraction model, which means the brine containing the SOP will be sourced from aquifers by 70 bores across the salt lake.
The operation will cost $208 million to build (capex) and have a pre-tax net present value (NPV) of $665 million.