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Kalium Lakes Ltd.
Summary
| Project: | Beyondie | |
|---|---|---|
| Deposit: | Beyondie | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 18-9-2018: Kalium Lakes Ltd. announces a Feasibility Study report for its Beyondie deposit at the Beyondie project. BFS results incl. pre-tax NPV of A $575M (8%), IRR of 20%, 30 yr LOM and updated reserve. Kalium Lakes Limited (Kalium Lakes) (ASX:KLL) is | |
| Resources: | (Reserve, P+P): 2.30Mt K, 6.60Mt SO4, 5.13Mt K2SO4 contained at Beyondie | |
| CP/QP: | [Resources]: Thomas Schicht, Anke Penndorf (K-UTEC AG Salt Technologies) | |
| ABSTRACT: | Kalium Lakes Limited (Kalium Lakes) (ASX:KLL) is pleased to announce the completion of the Bankable (or Definitive) Feasibility Study (BFS) including an updated Ore Reserve for the 100% owned Beyondie Sulphate Of Potash Project (Beyondie SOP Project or BSOPP) in Western Australia. A summary of the highlights of the BFS are detailed below. For further information refer to the attached, JORC (2012) and NI 43-101 Technical Report – Bankable Feasibility Study, compiled by German Potash Experts and Competent Persons, K-UTEC AG Salt Technologies (K-UTEC). Managing Director, Brett Hazelden, commented: “The Bankable Feasibility Study and Ore Reserve present a set of compelling technical and economic outcomes, to both investors and financial institutions. The Project has been designed to be a low cost, long life and high margin producer. “Kalium Lakes is proud to be the first Sulphate Of Potash developer to complete a Bankable Feasibility Study, for an Australian deposit which allows for an initial mine life of between 30 to 50 years,” he said. “The Technical Report attached to this ASX announcement is only a summary of the full BFS Report which contains more than 800 pages in 19 sections, as well as an appendices volume with in excess of 1,500 separate supporting documents. “In terms of the Australian SOP sector, this BFS sets the benchmark for the level of detail required in order to finance this type of project. Founded in October 2014, Kalium Lakes has now invested more than A$30 million in the exploration and development of the Beyondie SOP Project. “As a result of the extensive detail delivered in the BFS Report, the exceptional financial outcome, and the positive engagement with financial institutions, the Board has now endorsed the commencement of early works and final engineering. This will allow us to complete the critical path activities associated with the timely construction of the project including, most importantly, the road upgrades and accommodation facility. “On behalf of Kalium Lakes, I wish to thank our key consultants and employees for the quality work undertaken. We look forward to announcing a Final Investment Decision following the receipt of credit and other necessary approvals,” Mr Hazelden said. | |
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