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Kalium Lakes Ltd.
Summary
| Project: | Beyondie | |
|---|---|---|
| Deposit: | Beyondie | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 5/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2017: Kalium Lakes Ltd. announces an Exploration/Drilling Update report for its Beyondie deposit at the Beyondie project. Drilling results incl. 11500mg/l K equ. to a SOP grade of 25627mg/l at 79m. Kalium Lakes Limited (KLL) is pleased to report brine | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Loyd (Advisian Pty Ltd.) | |
| ABSTRACT: | Kalium Lakes Limited (KLL) is pleased to report brine analysis results for all drill holes recently completed at its Beyondie Sulphate of Potash (SOP) Project. Managing Director, Brett Hazelden, commented; “These grades confirm the exploration philosophy of the Company to target palaeochannels close to the source rocks from which the potassium has been naturally leached over time. “The results continue to demonstrate that the Beyondie Sulphate of Potash Project has the highest grade potassium brine Resource in Australia. “Grade is an absolutely vital factor and this, in turn, leads to lower capital and operating costs as a direct result from requiring fewer bores, less trenches, lower power demand and a smaller evaporation pond area. The low impurity levels, along with the high grade, also ensure a smaller environmental footprint including significantly less NaCl waste disposal requirements. “We are continuing to fast track the project and these results give the Company added confidence in its current development strategy,” he said. KLL is also pleased to confirm that installation of additional production bores is currently underway, pump testing has resumed and pond construction verification, including leakage trials, are ready to commence as soon as pipework installation is finalised. | |
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