The Western Australian Department of Mines, Industry Regulation and Safety has officially granted all of the required Mining Tenure for Kalium Lakes Limited’s 100 per cent owned Beyondie Sulphate Of Potash Project (BSOP Project).
Kalium Lakes aims to produce Sulphate of Potash (SOP), a high yield, premium fertiliser, for both domestic and international markets.
The tenure includes two Mining Leases, 15 Miscellaneous Licences and a gas pipeline licence which are additional to the 15 previously granted exploration licences.
The tenure covers all required project activities including mining (brine extraction), evaporation ponds, SOP purification, all roads including product haul road connecting to the Great Northern Highway, water supply borefield and power generation.
Importantly, all Mining Tenure has been granted with the consent of the Determined Native Title holders, the Gingirana People and the Birriliburu People, in accordance with the signed Mining Land Access Agreements.
Kalium Lakes Managing Director Brett Hazelden said the grant of all the company’s Mining Tenure requirements allows their full value chain to be accomplished.
“Kalium Lakes is the only company to have all the tenure requirements granted to develop what we expect will be the first commercial SOP production facility in Australia.”
“We would like to thank the Gingirana People and the Birriliburu People traditional owners for their consent and ongoing support of the project,” he commented.
Ahead of a Final Investment Decision, the company has completed a Bankable Feasibility Study for the BSOP Project (the first BFS for any Australian deposit) which states that the project is ‘technically and financially robust’. First production is anticipated to occur in 2020.
The project will target early production at 82 Kilotonnes per annum (ktpa) of SOP, before ramping up to 164ktpa of SOP for sale.
Update: The Northern Australia Infrastructure Facility has just announced that it will invest $74 million to support Kalium Lakes’ production of Sulphate of Potash.
