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Salt Lake Potash Ltd.
Summary
| Project: | Lake Way | |
|---|---|---|
| Deposit: | Lake Way | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 6/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-6-2019: Salt Lake Potash Ltd. announces a Scoping Study report for its Lake Way deposit at the Lake Way project. Scoping study results incl. post-tax NPV of A$381M, IRR of 27%, 3.2 year payback. Salt Lake Potash Limited (Salt Lake Potash or Company) is | |
| Resources: | (Resource, Total): 72.6Mt SOP contained at Lake Way | |
| CP/QP: | [Resources]: Ben Jeuken (Groundwater Science Pty Ltd.) | |
| ABSTRACT: | Salt Lake Potash Limited (Salt Lake Potash or Company) is pleased to report the results of the Company’s Scoping Study for a commercial scale Sulphate of Potash (SOP) development at Lake Way (Lake Way Project or Project) in Western Australia. Based on the Scoping Study results, the Project generates exceptional economic returns due to its low capital intensity, bottom quartile operating costs and sustainable operating life. Salt Lake Potash is pleased to report the results of the Scoping Study for the commercial scale development of its SOP project at Lake Way. The Scoping Study demonstrates the potential for the Lake Way Project to support a low capital and operating cost operation with annual production of approximately 200,000 tonne of premium grade SOP. Salt Lake Potash has already significantly de-risked the commercial scale project through the early construction works on the first phase of the Evaporation Ponds (the Williamson Ponds). The dewatering of the Williamson Pit and commencement of evaporation will provide additional insight into the critical evaporation processes which in turn will further de-risk the project. | |
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