Salt Lake Potash Ltd - Western Australia focused organic sulphate of potash miner - Says process plant at Lake Way project at Wiluna in Western Australia was 88% complete at the end of 2020. The overall project, including all on-lake infrastructure, was 81% complete.
"Major items now installed include the SOP and schoenite crystallisers, attritioners, drag feeder, conveyors, lump breaker, various tanks and agitators, chillers, transformers, utilities switch room and various pumps, hoppers and launders," company adds.
Chief Executive Tony Swiericzuk says: "I am extremely proud of the way the GR Engineering Services and SO4 teams have worked to safely and efficiently deliver the Lake Way project. Significant progress was made in a challenging environment in 2020 with minimal impact on the project and we now look forward to supplying the domestic and global agricultural industries with premium SOP in the second quarter of 2021."
Also notes Grant Coyle appointed interim chief financial officer. Says Coyle is an experienced corporate finance executive having been appointed as SO4's head of corporate development in July 2018.
"Prior to SO4 Grant held an executive position at Rio Tinto PLC working across the business analysis and business development areas within the Iron Ore division. He is a former investment banker at Macquarie Bank and corporate tax accountant for an international accounting firm," company adds.
Current stock price: 24.68 pence
Year-to-date change: down 5.0%
By Paul McGowan; paulmcgowan@alliancenews.com
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