Salt Lake Potash Ltd advises that Amec Foster Wheeler has been appointed to prepare an analysis of the alternatives for the company to construct a Pilot Plant at the Goldfields Salt Lakes Project, intended to be the first salt-lake brine Sulphate of Potash (SOP) production operation in Australia.
A Pre-Feasibility Study (PFS) on the full-scale production model was continuing and the Pilot Plant would form a part of the feasibility study process," said Salt Lake Potash in a statement.
"Salt Lake has been in discussions since last year with a range of international industry SOP and specialist fertiliser producers and distributors, including several global market leaders, about the optimal way to realise Salt Lake's outstanding potential in the global SOP market."
It said, based on those talks, it had formed the view that the appropriate path forward was to initially construct a Pilot Plant to demonstrate the technical and commercial viability of brine SOP production from the Goldfields Salt Lakes Project, before expanding the plant to long term optimal production levels on a staged, modular basis.
"AMEC have been engaged to initially consider a 20,000-40,000tpa Pilot Plant processing only brine feed drawn from the near surface Measured Resource."
At 9:27am: (LON:SO4) Salt Lake Potash Limited share price was -1p at 29.5p