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Kalium Lakes Ltd.
Summary
| Project: | Beyondie | |
|---|---|---|
| Deposit: | Beyondie | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 8/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 23-8-2017: Kalium Lakes Ltd. announces an Exploration/Drilling Update report for its Beyondie deposit at the Beyondie project. Bore hole Brine assay results incl. SOP grade of up to 25850mg/L. Kalium Lakes Limited (KLL) today announced additional assay re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Loyd (Advisian Pty Ltd.) | |
| ABSTRACT: | Kalium Lakes Limited (KLL) today announced additional assay results from its Beyondie Sulphate Of Potash Project (BSOPP). These results were from auger holes located in the eastern tenements Resource Area, which comprise Stage 2 of the Project. Importantly, the potassium grades are consistent with results obtained from the same locations two years ago. The ongoing sampling program reflects KLL’s development strategy, where a staged development approach provides initial production from the western areas of the project then expands production to include the eastern areas (see Figure 1 below). KLL is targeting release of its maiden Ore Reserve, in conjunction with the Pre Feasibility Study (PFS) currently being finalised, based solely on Stage 1 of the Project which covers 6,369 hectares or 21% of the 30,225 hectares of total available lake surface area. Stage 2 of the Project, which includes the remaining 23,856 hectares or 79% of the total available lake surface area, represents the expansion phase and is anticipated to deliver considerable benefits in terms of increased production volumes and potential extension to the life of the Project. Managing Director, Brett Hazelden, commented: “To put it into context, the extent of the palaeochannel system covered by Kalium Lakes’ tenements is equivalent to the distance from Perth to Margaret River or Sydney to Canberra. “Our ability to stage this Project allows us to minimise initial capital expenditure, capture market share with a product where there is no production in Australia and then allow the upside to grow the Project with the market over time. “We continue to focus our efforts on developing the Stage 1 area to gain the first mover advantage,” he said. | |
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