Salt Lake Potash adds technical experience to board with appointment of Rebecca Morgan

The company remains on track for first sulphate of potash production shortly and first revenue from the Lake Way Project in Western Australia.

SO4 aims to become a globally significant exporter of premium quality sulphate of potash through the development of potassium rich salt lakes in the Goldfields region of Western Australia.

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) (FRA:W1D) has added senior technical and executive experience to its board of directors with the appointment of Rebecca Morgan as a non-executive director.

Currently, Morgan is the raw materials manager at Minbos Resources (ASX:MIN) and a director of REESearch technical consultancy.

She has held several other senior technical and executive roles in her career, most recently as an acting chief geologist at First Quantum Minerals in Panama, and general manager technical services and acting mine manager for Tiger Resources in the DRC.

Morgan is also a non-executive director of Peak Resources Ltd (ASX:PEK) and has previously worked for Koppar Resources as non-executive technical director.

Extensive industry skillset

Speaking to Morgan’s appointment, managing director and CEO Tony Swiericzuk said: “We are pleased to have Rebecca bring her extensive industry skill-set in technical and project due diligence to the board and expect she will make a valuable contribution to SO4.”

She holds a Master of Engineering Science (Majoring in Mineral Economics and Mine Optimisation), a Post Graduate Diploma Mine Engineering, and a Bachelor of Science (Hons) Applied Geology all from Curtin University.

Debt financing at Lake Way concludes

On June 10, the Western Australian sulphate of potash company concluded its debt financing process after receiving funds from the final US$33 million tranche of its US$138 million Senior Debt Facility as well as funds from its recent A$28 million placement.

In addition, Salt Lake Potash has executed an A$18 million Guarantee Facility with Sequoia Economic Infrastructure Fund (SEQI), which allows the release of A$18 million of equity back into the project.

These funds will be used for general operating expenses during the ramp-up of the Lake Way SOP Project.

At the time, Swiericzuk said: "We now look forward to delivering the project and ramping up SOP production over the next 9-12 months.”