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ASX-listed Kalium Lakes on Wednesday told shareholders that the company would require additional long-term funding for its Beyondie sulphate of potash (SOP) project over the next two financial years, to achieve its targeted production rate of between 90 000 t/y to 100 000 t/y.
“As we continue to progress our plant performance improvement plan, Kalium Lakes has undertaken a comprehensive review of our production targets during the quarter that reflects the operating learnings gained over the last 12 months. The revised production targets, operating cost estimates and ramp up period reflects the targeted plant performance improvement plan (PPIP) efforts implemented, and the additional capital works identified by our review,” said acting CEO Jason Morin.