Australia

Salt Lake Potash ready to push on rapidly after BFS

Salt Lake Potash Limited (LON:SO4 ASX:SO4) has outlined its next steps following the publication of a bankable feasibility study for its Lake Way project earlier this month.

The BFS indicated a post-tax value of A$479mln (£254mln) based on 245,000 tonnes of sulphate of potash annually over a 20-year mine life, numbers the company described as 'outstanding'.

Project financing of up to US$150mln has been agreed with Taurus Funds Management.

Salt Lake now expects to begin the procurement of long-lead items for the Process Plant and Non-Process Infrastructure.

In addition, Salt Lake wants to tie off the Native Title agreement at Lake Way, agree on offtake deals and conclude thRead More – Source