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Salt Lake Potash set to release BFS with markets ready to assess results

The company is focused on building a sustainable sulphate of potash (SOP) project in Western Australia.

Its bankable feasibility study for the Lake Way SOP project is expected this month.

An earlier scoping study for Lake Way judged its SOP cost as the lowest in the world.

This is an exciting time for Salt Lake Potash with the imminent release of the BFS and continued rapid development of the project.

Salt Lake Potash managing director and CEO Tony Swiericzuk

What does Salt Lake Potash do?

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (FRA:W1D) (OTCMKTS:WHELF) is an Australian sulphate of potash company at the feasibility study level.

The Perth company is wrapping up a bankable feasibility study (BFS) for its flagship Lake Way Sulphate of Potash Project in WAs northern Goldfields.

Salt Lake hopes to be an SOP project pioneer in Australia and recently completed the acquisition of further Lake Way project ground ahead of the imminent release of results from its BFS.

The companys securities are expected to return to trading with Australian market regulator ASX Ltd (ASX:ASX) this morning.

Who leads Salt Lake Potash?

The company is led by managing director and chief executive officer Tony Swiericzuk, a mining engineer who led Fortescue Metals Group Limiteds (ASX:FMG) (FRA:FVJ) (OTCMKTS:FSUGY) (OTCMKTS:FSUMF) Christmas Creek mine operation for five years.

Swiericzuk oversaw construction, commissioning and ramp-up to 60 million tonnes a year during his tenure on the northwest WA project.

He previously headed up FMG port operations at northwest site Port Hedland for two years and also managed its ramp-up to 60 million tonnes a year.

Salt Lake is chaired by accountant Ian Middlemas who was previously a senior group executive for a decade at Newmont Goldcorp Corp (NYSE:NEM) (FRA:NMM) (TSE:NGT) (SWX:NEM) buy-up Normandy Mining Group (ASX:NDY).

What does Salt Lake Potash own?

The key asset is the Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (FRA:W1D) (OTCMKTS:WHELF) in the northern Goldfields district of WA.

Salt Lakes CEO Swiericzuk was appointed last year and has led the company through a series of fundraising drives towards its end goal of taking results from a bankable feasibility study to financiers.

The enthusiastic corporate leader hopes to see Salt Lake Potash “become the first Australian commercial producer of SOP in a global sector with outstanding potential.”

Lake Way is in WAs Northern Goldfields area near Wiluna, a town featured in Phillip Noyces award-winning film Rabbit-Proof Fence.

The company wrapped up the acquisition of tenements from its Wiluna neighbour Blackham Resources Ltd (ASX:BLK) this week after meeting the conditions of a buy deal.

Salt Lakes acquisition of key tenements has given it security of interest as it prepares to unveil the BFS results.

The company noted the Lake Way sales transaction included water and power rights and brought it “certainty over tenure, timing and capital expenditure required to bring the Lake Way Sulphate of Potash Read More – Source

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