KLL 0.00% $7.28 kalium lakes limited

Project update?, page-232

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    2259 GMT - Macquarie's visit to Kalium Lakes' Beyondie potash development in Western Australia highlights a path to giving its shares a lift. The processing plant is designed to run at an 85% utilization rate, and Kalium's management says improving this to 90% is a key opportunity. The plant's construction managers, Ebtec, operate under a performance- guarantee arrangement and a large portion of the plant components is designed to perform at 20% above requirements outlined in the feasibility study. "Unlocking this potential could present upside to our base case," says Macquarie, which rates Kalium at outperform. ([email protected]; @dwinningWSJ)
 
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