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Kalium Lakes Ltd.
Summary
| Project: | Beyondie | |
|---|---|---|
| Deposit: | Beyondie | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 5/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 3-5-2018: 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 24736mg/L SOP. Kalium Lakes Limited (KLL) announced today that the main Ba | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adam Loyd (Advisian Pty Ltd.) | |
| ABSTRACT: | Kalium Lakes Limited (KLL) announced today that the main Bankable Feasibility Study (BFS) sonic monitoring bore installation and air-core geological programs have been successfully completed at its Beyondie Sulphate Of Potash Project (BSOPP). Managing Director, Brett Hazelden, commented; “The program has continued to confirm the Pre-Feasibility Study Resource model within our initial Stage 1 Mining Lease Areas. We envisage these results will enable an upgrade of the deposit to include a future Measured Resource and Proved Reserve, which in turn will support the Bankable Feasibility Study and project financing.” “The current assumed Stage 1 Area has a mine life of 23 years at 75ktpa SOP, when utilising our existing Probable Reserve, which has enabled Kalium Lakes to have very detailed discussions with both domestic and international offtake parties and financial institutions,” he said. The sonic monitoring bore installation and air-core geological programs reflect KLL’s development strategy to upgrade the current Resources to Measured Resources and Proved Reserves to support project financing requirements, plus support the geological and hydrogeological modelling. This program focussed on the Ten Mile and Sunshine Stage 1 production areas (Figure 1) which will underpin the initial mine life, payback period and BFS outcomes. The program has involved drilling of 142 aircore exploration holes on transects totalling 7,794m of drilling. This has closed the drill spacing to between 265m and 422m at the Ten Mile and Sunshine deposits respectively and confirmed the geological extent of the target geology and brine mineralisation. | |
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