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AIM and ASX listed company Salt Lake Potash Limited ( SO4 or the Company ), announces its interim results for the half-year ended 31 December 2020. The Company s primary focus is the development of its Lake Way Project (the Project) near Wiluna, Western Australia. On December 31 2020, the total project was 81% complete and the process plant 88% complete on an earned value basis with first SOP production expected in Q4 2021. The Company s long-term plan is to develop an integrated SOP operation producing from several Western Australian salt lakes. Achievements during the half year ended 31 December 2020 included: Process Plant construction significantly advanced At December 31st, 2020 the Process Plant was 88% complete on an earned value basis with site concrete work (including additional NPI and bagging infrastructure) 94% complete, structural steel 80% complete and tanks/vessels 81% complete
Salt Lake Potash bolting along at Lake Way with plant commissioning imminent
Salt Lake Potash Ltd s (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) (FRA:W1D) Tony Swiericzuk caught up with Proactive s Andrew Scott soon after announcing it s syndicated its US$138 million senior debt facility with Sequoia Economic Infrastructure Income Fund (LON:SEQI) and the Commonwealth Bank of Australia (ASX:CBA) joining the facility. He says development of the project s been bolting along with the processing plant now 95% complete and commissioning is imminent.
Quick facts: Salt Lake Potash Ltd
Price: 24.75 GBX
Salt Lake Potash bolting along at Lake Way with plant commissioning imminent proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.