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Salt Lake Potash placement raises more than £4m

Thu, 24th Mar 2016 14:14

(ShareCast News) - Salt Lake Potash had a bit more cash in its back pocket than it expected on Thursday, having received enough subscriptions to increase its Australian placement announced on Wednesday to AUD 8.38m (£4.46m), from AUD 5.2m.The AIM-traded firm said proceeds from the placement would be used to accelerate the company's planned development initiatives at its flagship Lake Wells Sulphate of Potash project.Its board said that included further drilling to improve the geological and hydrological model at Lake Wells, including pump testing of three aquifer units and measuring the hydraulic properties of the aquifers hosting the brine.It would also entail field evaporation trials on bulk brine samples, a scoping study, ongoing heritage, environmental, marketing and other studies, reconnaissance sampling at Lake Irwin, and staffing and corporate costs."This is an excellent outcome for the company and the strong support received both domestically and from overseas underlines the quality of the Lake Wells Project and the exciting potential of salt lake SOP production in Australia," said director Matt Syme."Once completed, the funds raised will allow Salt Lake Potash to continue its aggressive exploration program, testwork activities and to complete important technical and commercial studies".
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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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