Investegate |Salt Lake Potash Ltd Announcements | Salt Lake Potash Ltd: June 2021 Quarterly Report investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
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.
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
Salt Lake Potash Ltd syndicates US$138 million senior debt facility to Sequoia Economic Infrastructure Income Fund and Commonwealth Bank of Australia proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.