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Salt Lake Potash Ltd.
Summary
| Project: | Lake Way | |
|---|---|---|
| Deposit: | Lake Way | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 10/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2019: Salt Lake Potash Ltd. announces a Feasibility Study report for its Lake Way deposit at the Lake Way project. BFS results incl. post-tax NPV (8%) of $479M, IRR of 28%. Salt Lake Potash Limited (SO4 or Company) is pleased to report the results o | |
| Resources: | (Reserve, Prob.): 5.4Mt SOP | |
| CP/QP: | [Resources]: Ben Jeuken (Groundwater Science Pty Ltd.) | |
| ABSTRACT: | Salt Lake Potash Limited (SO4 or Company) is pleased to report the results of its Bankable Feasibility Study (BFS) for the commercial scale development of its 245,000t per annum Sulphate of Potash (SOP) project at Lake Way (Project). The BFS incorporates a number of changes to the previous Scoping Study, including a revised processing methodology to include the addition of potassium chloride (KCl) which has increased the annual production rate to 245,000t and delivered improved economic outcomes. While the addition of KCl to the process plant has increased the C1 cash cost from the previous estimate in the Scoping Study, SO4 estimates it will achieve better capital intensity and maintain its position as a low cost producer at US$205/t while significantly improving project economics. | |
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