Blackham Resources has entered a memorandum of understanding ( MoU ) with Salt Lake Potash ( SLP ) to explore a sulphate of potash ( SOP ) opportunity at its Lake Way tenements . Preliminary sampling has revealed an average SOP grade of more than 14 grams per cubic metre , making it one of Australia 's highest - grade SOP brine sources . Surface sampling on Blackham Under the MoU , SLP will acquire Blackham 's brine rights and Blackham will acquire gold rights to SLP 's Lake Way holdings . SLP is set to conduct surface aquifer exploration and process the samples at the site .
Blackham Resources has entered a memorandum of understanding ( MoU ) with Salt Lake Potash ( SLP ) to explore a sulphate of potash ( SOP ) opportunity at its Lake Way tenements . Preliminary sampling has revealed an average SOP grade of more than 14 grams per cubic metre , making it one of Australia 's highest - grade SOP brine sources . Under the MoU , SLP will acquire Blackham 's brine rights and Blackham will acquire gold rights to SLP 's Lake Way holdings . SLP is set to conduct surface aquifer exploration and process the samples at the site .