Kalium Lakes Limited’s (ASX: KLL) newly acquired 10 Mile West tenement in Western Australia looks to be paying off with more drilling success for the leading Australian Sulphate of Potash developer.
The company reported that the latest brine analysis results for drill holes completed at the 10 Mile West tenement within its Beyondie Sulphate of Potash Project (BSOPP) have returned even higher grades and lower impurity levels than previously reported.
Managing Director, Brett Hazelden, said the highest potassium grades have been measured up to 14,200 mg/L equivalent to 31, 644 mg/L SOP.
The average impurity levels of Na:K ratios from these results are 6.9, and Mr Hazelden said this figure is key, as it means less Sodium Chloride (NaCl or table salt) is being produced and will result in lower waste salt disposal requirements.
Additionally, 10 Mile West is strategically located next to a granted Mining Lease, purification facilities and infrastructure, allowing future potential to extend the trench and bore network (currently under construction) for brine extraction at the BSOPP.
“The potassium grades continue to exceed expectations and further validate that the Beyondie SOP Project has the highest-grade potassium brine resource in Australia,” Mr Hazelden said.
“These results are expected to be included in updated Mineral Resources and Ore Reserves Statements following the completion of estimation works in the coming months.
Kalium Lakes’ business case for the BSOPP is already compelling and any future increases in Resources and Reserves will provide further flexibility to either increase production rates or extend the current 30 to 50 year mine life,” he said.
Kalium Lakes is on target to develop Australia’s first SOP operation, providing valuable fertiliser stock for Australia’s agriculture industry.