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Salt Lake Potash posts promising test results at Lake Wells

Wed, 10th Aug 2016 11:17

(ShareCast News) - Salt Lake Potash advised the market of the results of a comprehensive geophysical survey at Lake Wells on Wednesday, as well as "outstanding" initial test pumping results of brine from the Lake Wells paleochannel.The AIM-traded company said the results "substantially enhance" the potential for production of sulphate of potash (SOP) by brine extraction and solar evaporation at the Lake Wells Project.It confirmed more than 350km of ground based gravity and seismic surveys have been completed, providing the first detailed geophysical model of the Lake Wells paleovalley.The model mapped the deepest parts of the paleovalley over approximately 100km within the project area, Salt Lake's board said, with the target for the paleochannel aquifer likely to provide the best sites for brine extraction bores.An aircore drill programme testing the paleochannel geophysical model along the northern fringes of the lake completed five holes, all of which validated the interpretation.Salt Lake said three of those holes were on the northeastern fringe of the lake, testing the main trunk of the modelled paleochannel and encountering substantial widths of paleochannel sands, including two with very coarse sands and gravels.A comprehensive, sustained pump test of one of the coarse sand and gravel zones confirmed production bores in that part of the aquifer should sustain brine extraction rates of up to 25 litres per second."We are again very pleased with our exploration results at Lake Wells, with a test pumping result which we believe is one of the highest quality and most comprehensive undertaken on an Australian salt lake," said Salt Lake Potash CEO Matt Syme."The geophysical surveys and interpretation have produced a comprehensive model of Lake Wells to guide our future exploration work."As the first test pumping demonstrates, the model will allow us to find the most effective basis to extract Lake Wells' large brine resource and has already provided valuable input into the Scoping Study currently underway," Syme explained.
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18 Nov 2019 12:47

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11 Oct 2019 10:19

Salt Lake Potash Buoyed By Study Results Of Australian Project

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27 Sep 2019 11:36

Salt Lake Potash Loss Widens Sharply On Lake Way Construction Expense

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18 Sep 2019 15:14

Salt Lake Potash upbeat on 'outstanding' pilot plant results

(Sharecast News) - Salt Lake Potash has completed the pilot plant test work of the Lake Way salts at the Saskatchewan Research Council, it announced on Wednesday, with the test work yielding a premium sulphate of potash (SOP) product that was "highly water soluble" with a 53% potassium oxide grade.

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14 Aug 2019 16:15

Salt Lake Appoints Northern Star Resources Executive As Finance Chief

(Alliance News) - Salt Lake Potash Ltd said Wednesday it has appointed several executives ahead of the development of the Lake Way project in Australia, including appointment of Shaun Day as chief

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6 Aug 2019 13:48

Salt Lake Potash Completes Fundraise For Tenement Purchases

(Alliance News) - Salt Lake Potash Ltd on Tuesday said it has completed the placing of AUD7.4 million, or GBP4.13 million, worth of shares to fund an acquisition in Australia.Salt Lake 10.6

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5 Aug 2019 16:26

Salt Lake Potash Obtains USD150 Million Lake Way Financing From Taurus

(Alliance News) - Salt Lake Potash Ltd on Monday said Taurus Funds Management has been mandated to provide USD150 million of project financing for the Lake Way project in Australia.Shares a

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23 Jul 2019 13:43

Salt Lake Potash To Raise Funds As It Lines Up Lake Way Tenements

(Alliance News) - Salt Lake Potash Ltd has acquired new tenements for its flagship Lake Way project in Australia, it said on Tuesday, for AUD10 million, or GBP5.6 million.The tenements, on

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13 Jun 2019 14:09

Salt Lake Potash Unveils "Compelling" Economics For Lake Way Project

(Alliance News) - Salt Lake Potash Ltd is hoping to commission a plant at the Lake Way project within 18 month, it said Thursday, after completing a "compelling" scoping study.The

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6 Jun 2019 10:00

Salt Lake Potash Raises AUD20 Million Via Share Subscription (ALLISS)

LONDON (Alliance News) - Salt Lake Potash Ltd on Thursday said that it raised AUD20.3 million, or around GBP11.2 million, after receiving commitments from investors for the issue of 37.5 million a

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8 Apr 2019 14:17

Salt Lake Potash Signs Lake Way Project Deal With Blackham Resources

LONDON (Alliance News) - Salt Lake Potash Ltd on Monday said it has signed a deal with Blackham Resources Ltd for the development of the Lake Way project in Western Australia.Salt Lake the

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18 Mar 2019 11:28

Salt Lake Potash Exploration Confirms High-Grade Resource At Lake Way

LONDON (Alliance News) - Salt Lake Potash Ltd on Monday said a mineral resource estimate for its Lake Way project in Western Australia confirms both a significant size and a high-grade in the were

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14 Mar 2019 11:38

Salt Lake Potash Interim Loss Widens As Lake Way Development Continues

LONDON (Alliance News) - Salt Lake Potash Ltd said on Thursday its interim loss widened on higher expenses as it continued to develop its Lake Way project in Western Australia.The potash to

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6 Mar 2019 15:47

Salt Lake Potash gets go-ahead to start construction at Lake Way

(Sharecast News) - Salt Lake Potash announced on Wednesday that all permits had been received from the Department of Water and Environmental Regulation (DWER) in Western Australia, for the Lake Way Ponds at Lake Way, with construction having now commenced.

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29 Jan 2019 17:02

Salt Lake Potash Gets Positive Evaporation Trial Results At Lake Way

LONDON (Alliance News) - Salt Lake Potash Ltd said Tuesday it produced over 2 tonnes of high grade harvest salts at Lake Way, Australia, during site evaporation trials."The initial the

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