Salt Lake Potash Limited Lake Way Process Plant commissioning commences (9468S)
March 22 2021 - 2:00AM
UK Regulatory
TIDMSO4
RNS Number : 9468S
Salt Lake Potash Limited
22 March 2021
22 March 2021 AIM/ASX Code: SO4
SALT LAKE POTASH LIMITED
-------------------------
Lake Way Process Plant commissioning commences
Salt Lake Potash Limited (SO4 or the Company) is pleased to
announce the commencement of Process Plant commissioning at its
Lake Way Project near Wiluna, Western Australia.
Front-end plant commissioning commences
-- First time potassium rich harvest salts, precipitated from
lake aquifer brine, have been fed into an SOP Plant in
Australia.
-- First harvest salts have been successfully fed into the feed
hopper, conveyed to the surge bin, run through the lump breaker,
and then into the attritioning feed tank at the front-end of the
Process Plant.
-- Over the coming weeks the utilities, conversion circuit,
flotation circuits, crystallisers and dryer will all be
commissioned ahead of full load commissioning and SOP production in
the June quarter.
-- Consultants from the plant designer, Wood Group, as well as
vendors Veolia and Broadbent (amongst others) will be assisting in
the commissioning process.
-- Front-end plant commissioning was powered by 2MW diesel
generators. These will continue to be used to progress the
commissioning activities over coming weeks.
-- Gas supply lines and delivery station for the 10MW power
station have been fully commissioned, with Power-on scheduled for
late April to support final commissioning activities and production
commencement.
-- First production and SOP sales on track for the June quarter.
TONY SWIERICZUK, Chief Executive Officer
"Commencing commissioning of Australia's first Sulphate of
Potash processing plant is a major milestone for SO4 and testament
to the hard work of our owners' team and GR Engineering Services.
It is exciting to see the vision that was first conceived in late
2018 come to fruition less than two and a half years later. First
SOP sales and revenue are now well within sight."
For further information or a full copy of the announcement
including figures, please visit www.so4.com.au or contact:
Tony Swiericzuk / Richard Knights Salt Lake Potash Limited Tel: +61 8 6559 5800
Colin Aaronson / Seamus Fricker 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.
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.
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