Salt Lake Potash is expecting high margins from manufacturing sulphate of potash at its Lake Way project in Western Australia . Production costs will be as low as $ 300 per metric tonne and developing the project will cost $ 250 million , the company said . The company has a conflict of understanding with Blackham Resources to build a demonstration plant , with Salt Lake Potash owning 80 % of the lake while Blackham owning 20 % . Additionally , an off - take agreement has been signed with Mitsubishi for 50 % of all SOP produced at the demonstration plant , and it is in discussions for the remaining 50 % .
Salt Lake Potash is expecting high margins from manufacturing sulphate of potash at its Lake Way project in Western Australia. Production costs will be as low as $200 per metric tonne and developing the project will cost $200m, the company said. The miner has a memorandum of understanding with Blackham Resources to build a demonstration plant, with Salt Lake Potash owning 80% of the lake while Blackham takes 20%. Additionally, an off-take agreement has been signed with Mitsubishi for 50% of all SOP produced at the demonstration plant, and it is in discussions for the remaining 50%.