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. The MoU is for the development and operation of an SOP plant in SLP properties on the east side of Salt Lake City. 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 start surface aquifer exploration and process test work 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. Surface sampling has revealed an average SOP grade of more than 14 kg 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 start surface aquifer exploration and process test work at the site.