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 company said on Monday that it had reached a deal for the rights to explore and develop up to 20 per cent of the land in the area around Newman which is owned by the Ngarrind@@ 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.
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.