A research project has been set up by Australian Potash with the School of Agriculture and Environment at the University of Western Australia. The newly produced Australian potash will be tested on various WA soil types.
The university product will enable the company to engage with the consumer, namely, Australian farmers. In the first five years, it has a target production of 150,000 tonnes per year of premium SOP. From then on it will be 300,000 tonnes per annum.
company’s facility Canning Vale now process salts produce SOP trade samples January 2019..samples then verified first quarter 201 talks potential Chinese offtake partners progress. Australian Potash managing director Matt Shackleton labelled delivery final salts processing plant “important milestone” company’s development plans. “Understanding chemistry salts produced natural evaporation cycle crucial planning both commercial scale development SOP processing strategies,” Firming Lake Wells
news comes ahead Perth-based company’s plans produce Australia’s first field evaporated SOP, Mr Shackleton said would prove valuable its offtake partners.company focused developing operation Lake Wells produce high-value fertiliser cost promotes SOP muriate potash fertiliser.company’s Lake Wells project has advantage being close rail port infrastructure, local government support planned low-risk brine abstraction model, expected bring operating costs. Australian Potash currently undertaking definitive feasibility study development Lake Wells potash project following completion scoping study early 2017. At initial 150,000 tonne annum output, scoping study put $160 million price tag operation.
Government support, Earlier month, WA government made good its plans assist development local potash minerals sector, announcing would reduce potash rental rates.decision means potash projects granted new class mining lease restricted minerals pay 2. hectare first five years lease $4.64pha year six onwards.
This represents significant reduction existing $18.70pha rental rate.cost reduction aimed assisting development potash industry WA bid stimulate employment community development opportunities.decision warmly welcomed Australian Potash. “This decision further reduce cost lowest cost quartile production profile making [Lake Wells] even more internationally competitive project,” Mr Shackleton. Australian Potash shares were unchanged This represents a significant reduction existing $18.70pha rental rate. cost reduction is aimed at assisting development potash industry in WA in a bid to stimulate employment and community development opportunities. decision was warmly welcomed by Australian Potash. “This decision can further reduce cost our lowest cost quartile production profile making this [Lake Wells] an even more internationally competitive project.072. contact us newsletter copyright 2019
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