29 Apr 2021 07:00
29 April 2021
| AIM/ASX Code: SO4
|
SALT LAKE POTASH LIMITED |
Environmental Permit Granted
Salt Lake Potash Limited (SO4 or the Company) is pleased to announce it has received its Part IV Environmental Approval for the Lake Way project covering full scale operations of 245ktpa of SOP.
Highlights
· The Company's Part IV Environmental submission has been approved by the Government, having been recommended by the EPA with no appeals in January 2021.
· The permit enables SO4 to finalise construction of pond trains 4-6 as well as associated trench and bore construction that will support full scale operations at Lake Way of 245kt per annum of SOP.
· Construction work on the final components of on-lake infrastructure will commence this quarter.
TONY SWIERICZUK, Chief Executive Officer, stated:
"Receiving final Environmental Approval over the full Lake Way project will enable our team to commence construction of the remaining on-lake infrastructure and deliver the full scope of the Lake Way project. We look forward to commencing work shortly on this final phase."
For further information, please visit www.so4.com.au or contact:
Tony Swiericzuk / Richard Knights | Salt Lake Potash Limited | Tel: +61 8 6559 5800 |
Colin Aaronson / Lukas Girzadas | Grant Thornton UK LLP (Nominated Adviser) | Tel: +44 (0) 20 7383 5100 |
Derrick Lee / Peter Lynch | Cenkos Securities plc (Joint Broker) | Tel: +44 (0) 131 220 6939 |
Rupert Fane / Ernest Bell | Hannam & Partners (Joint Broker) | Tel: +44 (0) 20 7907 8500 |
This announcement has been authorised for release by the Managing Director, Mr Tony Swiericzuk.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Forward Looking Statements
This announcement includes forward-looking statements. These forward-looking statements are based on the Company's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. Although the Company believes that its forward-looking statements have reasonable grounds, can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the Company's business (including those described in pages 11 to 21 (inclusive) of the Prospectus released to ASX on 11 February 2021), which cause actual results to differ materially from those expressed herein. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, save where required by law or regulation, to reflect the circumstances or events after the date of this announcement.