Salt Lake Potash says production at Lake Way remains on track for March 2021
(AIM:SO4 ) has procured over 90% of all major long-lead items for its process plant and non-process infrastructure in line with or ahead of schedule for its Lake Way Project.
The dual-listed mineral exploration firm said the project, which is located in Western Australia, remains on track for its first Sulphate of Potash sales in the March 2021 quarter.
"During the June quarter our procurement and engineering teams have been busy finalising contracts with suppliers and completing detailed engineering of the plant and non process infrastructure,” said Tony Swiericzuk, Chief Executive of Salt Lake Potash.
He added, “So far we have seen no impact to the project schedule from COVID-19 as we push towards first production in the March quarter of next year."
Shares in Salt Lake Potash have performed strongly over the past three months from 20p as of 9 April 2020 to close at 31p on Wednesday afternoon.
The largest procurement package, the process plant crystalliser, is expected to arrive at Fremantle Port in late July, several weeks ahead of schedule, the group said.
Meanwhile, other major plant components including centrifuges, attritioners, floatation cells, sizing screens, thickeners, rotary drier, impact crushers, lump breakers and conveyor belts have all been ordered.
In the coming weeks structural steel will start being erected on-site and a number of key plant components will arrive.
Salt Lake Potash’s long-term plan at Lake Way is to develop an integrated Sulphate of Potash operation, producing from several of its nine salt lakes.
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