viewSalt Lake Potash Ltd

Salt Lake Potash Lake Way Project 60% complete and on-track for first SOP in March quarter 2021

The project has moved into the peak construction phase and progress at the process plant and non-process infrastructure site has accelerated in recent weeks.

Salt Lake Potash Ltd - Salt Lake Potash Lake Way Project 60% complete and on track for first SOP in March 2021
Schoenite crystalliser and SOP crystalliser structures have been installed on site

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) is confident its Lake Way Project near Wiluna in Western Australia is on schedule to deliver first SOP production in the March quarter of 2021.

The project is now 60% complete on an earned value basis with major vendor procurement packages over 90% committed with fixed costs.

At the process plant, site concrete foundations poured by Flanco are more than 80% complete, installation of structural steel supplied by Metro Steel has commenced and first carbon steel tanks have been installed by Proweld.

All permanent buildings are now on-site and installed, including the permanent village, construction village, warehouse, workshop, administration, reagents, laboratory, ablutions, crib rooms and 4G communications.

“On-site activity accelerates”

Long lead time items are arriving and being assembled at the site including the Veolia crystallisers with associated components and tanks, and transformers from Wilson.

SO4 chief executive officer Tony Swiericzuk said: “On-site activity will be accelerating over the coming weeks as we move into the peak construction phase of the process plant and non-process infrastructure.

“The SO4 owners’ team and GRES continue to do an outstanding job driving all workstreams on-schedule with first SOP production due in quarter one 21.”

Vendor packages in transit to the site include lump breaker, attritioners, wet screens and centrifuges and are anticipated to be installed in quarter four of 2020.

The development of on lake infrastructure continues to progress with the construction of a fourth pond train underway.

On lake infrastructure

The development of on-lake infrastructure continues to progress.

Work has commenced on the fourth of six pond trains and 62 kilometres of trenches have now been completed.

The Paleochannel drilling program continues with the sixth borehole now underway at Pad 14 and all holes intersecting the basal sands are in line with model prediction.

Quick facts: Salt Lake Potash Ltd

Price: 22.5 GBX

Market: AIM
Market Cap: £159.98 m

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