POSITIVE TEST RESULTS DELIVER SUPERIOR QUALITY PROPPANT FROM LWP’S BRISBANE PILOT PLANT
Fly-ash testing work at Brisbane pilot plant ongoing with positive results achieved
R&D team testing local Queensland fly-ash to optimise proppant mix achieves minimum 6,000 Psi proppant
6,000 Psi proppant significantly higher in compressive strength than most mined frac sand proppants - positive results achieved up to 9,000 Psi proppant
Financial modelling indicates LWP’s fly-ash based proppants to be cost effective
Results further validate LWP’s fly-ash based proppants commercialisation strategy
LWP well funded with strong cash balance and budgeted works program
LWP Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held