Salt Lake Potash Ltd - Western Australia-focused organic sulphate-of-potash miner - Posts narrowed pretax loss of USD7.2 million in the year ended June 30 compared to USD35.5 million posted a year before. The company says cost of royal liability remeasurement reflects changes to mine plans during year, therefore, timing of revenue receipts from sales delayed and now expected in second-half of 2022.
Cash reserves of USD69.4 million at June 30 compared to GBP7.0 million a year ago, and net assets of USD251.9 million multiplied from USD60.1 million.
Current stock price: 3.33 pence
Year-to-date change: down 86%
By Josie O'Brien; josieobrien@alliancenews.com
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