(Alliance News) - Salt Lake Potash Ltd on Tuesday said it has completed a "significant" construction milestone at the Lake Way potash project in Western Australia.
Stage two of the project's construction saw the company build 275 hectares of brine evaporation ponds and 35 kilometres of brine abstraction trenches. In the first phase, Salt Lake built 125 hectares of ponds.
The company is now moving to building the processing plant as well as some other non-processing infrastructure.
Salt Lake is on track to start commissioning the plant in December, and hopes to make its first sale of sulphate of potash in the quarter ending March 2021. Sulphate of potash is used to make fertiliser.
Chief Executive Tony Swiericzuk said: "The rapid delivery of the Lake Way sulphate of potash project continues. Completion of the stage two ponds, ahead of schedule and on budget, means the company now has the infrastructure in place to supply harvest salts to the process plant in 2021.
"As these key milestones are completed the project continues to be significantly de-risked with expected first sulphate of potash production now just ten months away."
Salt Lake shares were flat in London on Tuesday afternoon at a price of 32.00 pence each.
By George Collard; georgecollard@alliancenews.com
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