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  5. Salt Lake Potash excited by Lake Wells prospects

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Salt Lake Potash excited by Lake Wells prospects

Fri, 29th Jan 2016 15:13

(ShareCast News) - Salt Lake Potash was looking forward with excitement on Friday, over the prospects of its Lake Wells Project in Western Australia.The AIM-quoted company said that its primary focus during the three months to 31 December 2015 was the advancement of the Lake Wells Project, to confirm its potential to host a large, high grade salt lake brine project to produce Sulphate of Potash for domestic and international fertiliser markets.During the initial shallow core drilling programme, the company said a total of 32 shallow hole auger cores were completed over the entire surface of the lake, forming the basis of its maiden resource estimate.The company then completed its maiden Joint Ore Resource Committee (JORC) mineral resource estimate for the project, totalling 29m tonnes of Sulphate of Potash.Approximately 80% was in the 'measured' category, with what Salt Lake Potash described as 'excellent' brine chemistry of 4,009 mg/L potassium and 19,175 mg/L sulphate.Salt Lake Potash also completed 27 air core drill holes for a total of 1,697m over the entire surface of the lake, with an average drill depth of 63m. The majority of the holes ended in high grade brine, with the brine pool remaining open at depth."The successful air core programme identified permeable rock units (aquifers) at the base of the brine saturated sedimentary sequence, potentially representing a productive aquifer for brine extraction by pumping from bores - a very encouraging result", the company said in a statement.Moving forward, the firm said it had commenced laboratory isothermal evaporation trials on bulk brine samples to define the evaporation patterns, estimate the salting points of mixed salts and predict the conditions for the production of schoenite salt - a key step in the production of Sulphate of Potash.It said an updated JORC Mineral Resource estimate, incorporating the results from the deeper air core programme was currently in progress, and pump testing of three types of aquifers at Lake Wells would commence shortly, testing the permeability and storage properties of the aquifers hosting the brine.At 14:20GMT, shares in Salt Lake Potash were up 4.05%, trading at 9.62p in London.
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9 Jan 2019 10:33

Salt Lake Potash Completes AUD13 Million Goldfields Project Placing (ALLISS)

LONDON (Alliance News) - Mining company Salt Lake Potash Ltd on Wednesday said it has completed its AUD13.0 million share placing.The second tranche of placing has now been carried out, at

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13 Dec 2018 13:22

Salt Lake Potash buoyant as lease costs slashed in Western Australia

(Sharecast News) - Salt Lake Potash enjoyed a boost on Thursday after the Western Australian State Government launched an initiative to assist the development of the potash industry in the region.

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10 Dec 2018 11:31

SLP inks native title agreement with Tarlka Matuwa Piarku

(Sharecast News) - Mineral explorer Salt Lake Potash has inked a native title land access and brine minerals exploration agreement with the Tarlka Matuwa Piarku Aboriginal Council covering its Lake Way project area.

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7 Nov 2018 10:40

Salt Lake Potash ASX Shares Suspended On Capital Raising (ALLISS)

LONDON (Alliance News) - Salt Lake Potash Ltd said Wednesday that its shares have been suspended from trading on the Australian Securities Exchange pending an announcement regarding a capital will

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22 Oct 2018 11:17

Salt Lake Potash Hires Fortescue Metals Executive As New CEO

LONDON (Alliance News) - Salt Lake Potash Ltd said on Monday it has appointed Tony Swericzuk as managing director and chief executive officer with effect from November 5.He replaces Matthew

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19 Oct 2018 16:06

Salt Lake Potash shares halted on ASX pending CEO change

(Sharecast News) - Salt Lake Potash has told the market that trading in its shares had been halted on the Australian Securities Exchange (ASX) as of Friday.

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19 Oct 2018 11:52

Salt Lake Potash Shares Halted On ASX Pending CEO Announcement (ALLISS)

LONDON (Alliance News) - Salt Lake Potash Ltd said Friday its shares have been halted from trading on the Australian Securities Exchange pending an announcement regarding a change of chief shares

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2 Oct 2018 08:50

Salt Lake Potash Signs Memorandum For Offtake Agreement With Sinofert

LONDON (Alliance News) - Salt Lake Potash Ltd said on Tuesday it has signed a memorandum of understanding with Chinese fertiliser distribution company Sinofert Holdings Ltd, as a basis for the for

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1 Oct 2018 09:35

Salt Lake Potash London Shares Rise As Trading Is Suspended On ASX

LONDON (Alliance News) - Shares rose in Salt Lake Potash Ltd on Monday as it said its shares on the Australian Securities Exchange have been suspended from trading, as it awaits an announcement on

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14 Sep 2018 09:41

Salt Lake Potash assessing cooperation cost saving at Lake Wells

(Sharecast News) - Salt Lake Potash on Friday agreed to examine cost sharing at Lake Wells in Western Australia with neighbour Australian Potash Limited.

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31 Jul 2018 14:04

Salt Lake Potash Confident After Scoping Study Results For Lake Way

LONDON (Alliance News) - Salt Lake Potash Ltd on Tuesday said a scoping study indicates a low-cost, high-margin demonstration plant at its Lake Way project in Australia.Total capital costs

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28 Mar 2018 15:20

Salt Lake Potash Reports Exploration Results For Australian Project

LONDON (Alliance News) - Mineral exploration firm Salt Lake Potash Ltd said on Wednesday it has developed exploration targets for eight of its nine lakes in total stored for -

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16 Mar 2018 09:30

Salt Lake Potash Interim Loss Widens As Costs Rise

LONDON (Alliance News) - Salt Lake Potash Ltd on Friday reported a widened loss for its first half of its financial year due to the rise of exploration and evaluation and due

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2 Nov 2016 09:55

Salt Lake Potash Says Lake Wells Process "Significantly Enhanced"

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30 Aug 2016 10:41

Salt Lake Potash Says Lake Wells Study Confirms Project Potential

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