Lake Way is expecting high margins from manufacturing sulphate of potash at its Salt Lake Potash 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 Lake Way 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%.
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%.