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Kalium Lakes Ltd.
Summary
| Project: | Beyondie | |
|---|---|---|
| Deposit: | Beyondie | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 3/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Mine Development | |
| Report details: | 4-3-2019: Kalium Lakes Ltd. announces a Optimisation Study report for its Beyondie deposit at the Beyondie project. Updated engineering study results incl. updated pre-tax NPV of A$606M, IRR of 20.3% . Kalium Lakes Limited (Kalium Lakes) (ASX:KLL) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: 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 Front-End Engineering and Design (FEED) works for the 100% owned Beyondie Sulphate Of Potash Project (Beyondie SOP Project or BSOPP) in Western Australia. The FEED optimisation works have been completed by German experts K-UTEC in conjunction with a number of equipment suppliers in Germany which has continued to build on the previous work completed in the Bankable Feasibility Study (BFS) (refer to the ASX announcement dated 18 September 2018) Managing Director, Brett Hazelden, commented: “The completion of FEED works continues to confirm and improve on our Bankable Feasibility Study released in September last year. The works incorporate feedback from independent reviewers, financial institutions, our technical team as well as our material construction and operation contractors. “The significant reduction in operating costs means that Kalium Lakes is likely to become one of the lowest cost producers in the world. Ensuring we can operate profitably, throughout the normal commodity pricing cycles, continues to be a key focus for the Company. “The opportunity to install and own the power station and gas pipeline infrastructure, not only provides for significantly lower operating costs but also provides essential inf | |
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