Salt Lake Potash updates on progress at Lake Way project
The company said a processing plant at the site is 97% complete at the end of the first quarter of 2021
Salt Lake Potash Ltd (LON:SO4) (ASX:SO4) (OTCMKTS:WHELF) (FRA:W1D) updated investors in a quarterly report for the period to March 31 as it focused on completing the development of the Lake Way sulphate of potash (SOP) project in Western Australia.
The company said commissioning of a process plant commenced in March with the introduction of first harvest salts to the front end of the plant. At the end of the quarter, it said the plant was 97% complete on an earned value basis, including engineering which is 99% complete, procurement 99% complete and construction 90% complete. The firm added that the first SOP product is expected during the June quarter.