AIM and ASX listed company Salt Lake Potash Limited ( SO4 or the Company ), announces its interim results for the half-year ended 31 December 2020. The Company s primary focus is the development of its Lake Way Project (the Project) near Wiluna, Western Australia. On December 31 2020, the total project was 81% complete and the process plant 88% complete on an earned value basis with first SOP production expected in Q4 2021. The Company s long-term plan is to develop an integrated SOP operation producing from several Western Australian salt lakes. Achievements during the half year ended 31 December 2020 included: Process Plant construction significantly advanced At December 31st, 2020 the Process Plant was 88% complete on an earned value basis with site concrete work (including additional NPI and bagging infrastructure) 94% complete, structural steel 80% complete and tanks/vessels 81% complete
The $2b exploration boom quietly under way
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An “unprecedented” flow of cash into the high-risk mineral exploration sector has sparked a drilling boom that is causing huge backlogs at the laboratories whose assays determine success or failure.
More than $2.2 billion flowed into the 656 pre-revenue explorers on the ASX in the final three months of 2020, in a result that was 72 per cent higher than average and was described by advisory firm BDO as “unprecedented”.
Veteran explorer John Holliday says the “super optimism” for investment in things is probably driven by the fact “money costs nothing nowadays”.
Laura Jellbart
The $587 million spent on exploration by those companies was also well above average and 50 per cent higher than the June quarter, echoing the Australian Bureau of Statistics’ finding that metres drilled by mineral explorers had surged to a nine-year high.
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PM shift towards net zero may be too little, too late
February 3, 2021 12.05am
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Credit:Cathy Wilcox
Very much like an iceberg in the Arctic, Scott Morrison is slowly melting to the idea of taking some sort of climate change action (“PM shifts towards net-zero emissions”, February 2), but it has to be targeted, incremental and won’t cost the people who vote for him any money. The trouble with this approach is by the time he does anything, we’re all cooked.
Chris Moe, Bensville
The idea to have zero emissions by almost 30 years from now is the Prime Minister playing politics. It’s a put-off. The Coalition has had the past 10 years to devise a plan and all we’ve got is obfuscation.
A review of national environment laws led by Graeme Samuel says characterising community appeals as “lawfare” misrepresents the importance of legal review in society and recommends an expansion of their rights.