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Salt Lake Potash Ltd.
Summary
| Project: | Lake Way | |
|---|---|---|
| Deposit: | Lake Way | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 7/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 31-7-2018: Salt Lake Potash Ltd. announces a Scoping Study report for its Lake Way deposit at the Lake Way project. Scoping study results for demonstration plant incl. average total cash cost of A $387/t SOP. Salt Lake Potash Limited (SLP or the Company) | |
| Resources: | ||
| CP/QP: | [Resources]: Ben Jeuken (Groundwater Science Pty Ltd.) | |
| ABSTRACT: | Salt Lake Potash Limited (SLP or the Company) is pleased to announce that a Scoping Study on development of a 50,000tpa sulphate of potash (SOP) Demonstration Plant at Lake Way supports a low capex, highly profitable, staged development model, with total capital costs of approximately A$49m and average cash operating costs (FOB) of approximately A$387/t. The Demonstration Plant is intended to validate the technical and commercial viability of brine SOP production from the Company’s Goldfields Salt Lakes Project (GSLP), providing the basis to build a world class, low cost, long life SOP operation across the 9 lakes in the GSLP. The Company has previously established that larger production volumes (400,000tpa) can result in operating costs in the lowest cost quartile for SOP production globally*. This is principally a result of the economies of scale inherent in the GSLP’s advantageous location in the Northern Goldfields mining district, mostly in the main cost centres of transport, labour and power. The Company will pursue a fast track, staged approach to the development of a Demonstration Plant at Lake Way, taking advantage of the unique circumstances of the Williamson Pit to accelerate the development timeline, while also de-risking the project at each stage. Pursuant to the MOU with Blackham Resources Ltd (Blackham), the Company will construct an initial pond system to dewater the Williamson Pit, which contains approximately 1.2GL of super-saturated brine, with a very high average SOP content of 25kg/m3 . These Williamson Ponds will comprise approximately 1/3 of the total Demonstration Plant pond area, and early dewatering of the Williamson Pit offers a much shorter development time due to its very high grade and saturation | |
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