Australia

Salt Lake Potash anticipates full funding for Lake Way SOP project “in the coming months”

Salt Lake Potash Ltd (LON:SO4) (ASX:SO4) said it is anticipating that it will finalise full funding for its Lake Way SOP project in Western Australia “in the coming months”.

In a quarterly update for the period ending 31 December, the AIM-listed firm said stage 2 of the on-lake construction of the project was progressing on schedule, with the building of evaporation ponds and trench infrastructure having begun in November, with over 400 hectares of brine evaporation pond area nearing completion and 35 kilometres of brine abstraction trenches planned to complete.

READ: Salt Lake Potash secures Lake Way SOP offtake with leading fertiliser company

Another 225 hectares of brine evaporation pods were in operation as of 31 December and producing harvest salts for plant commissioning in the fourth quarter of 2020.

Stage 2 is expected to complete in the coming months, Salt Lake said, as well the commencement of process plRead More – Source