Australian mining exploration firm Kalium Lakes ( KLL ) has signed an agreement with neighbouring Ngurrarankatja Rirraunkaja Aboriginal corporation , giving it access to the second phase of its Beyondie project near Newman . The move enables KLL to begin collecting mineral salts that will eventually become high - grade sulphate of potash ( SoP ) fertiliser . KLL is expected to produce 300 tonnes of SoP annually annually and has projected the project to generate upwards of $ 5000 over its expected lifespan , based on the price of $ 500 and a currency exchange of 0.75 between Australia and the United states .
Australian mining exploration firm Kalium Lakes (KLL) has signed an agreement with Mungarlu Ngurrarankatja Rirraunkaja Aboriginal corporation, giving it access to the second phase of its Beyondie project near Newman. The move enables KLL to begin collecting harvest salts that will eventually become high-grade sulphate of potash (SoP) fertiliser. KLL is expecting to produce 150,000 tonnes of SoP fertiliser annually and has projected the project to generate upwards of $1bn over its 21-year lifespan, based on the price of $500 and a currency exchange of 0.75 between Australia and the United States.