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10 Mile Lake West tenement granted

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Global Mining Review,

Kalium Lakes Limited (KLL) has advised the grant of 10 Mile Lake West Exploration Licence (E69/3594), which now forms part of the Beyondie Sulphate of Potash project’s (BSOPP). Kalium previously announced on 29 October 2018 that it had entered into an agreement with AIC Resources Limited (AIC) to acquire a portion of AIC’s tenements which now forms the newly granted E69/3594.

The new tenement is strategically located adjacent to the company’s current BSOPP mining leases, processing facilities and infrastructure, allowing future potential to extend trench and bore network for brine extraction.

The new tenement is contiguous with the current delineated lake surface and paleochannel mineral resources and ore reserves with SOP concentrations increasing to the west of the current mining lease area.

Importantly the tenement has been granted with the consent of the traditional owners of the area, the Gingirana People.

Managing Director Brett Hazelden commented: “This additional area secures the remaining western section of the lake surface and palaeochannel system which is anticipated to lead to a future increase in resources and reserves at the BSOPP.

“Given the area is contiguous with the granted mining lease that currently has a mineral resource and ore reserve statement, it is likely to result in an easy expansion of the currently approved trench and bore network for brine extraction. The networks then feed into the evaporation ponds and purification facilities located at the eastern side 10 Mile Lake.

“This provides for future upside to the already compelling BSOPP which Kalium Lakes is now developing with first production expected at the end of next year,” he said.

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