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Argonaut Research | Salt Lake Potash (SO4) | Salt of the Earth | Initiation | SPEC BUY
Salt Lake Potash Energy (ASX & AIM: S04) is a dual listed ASX and AIM mineral exploration company with a focus on Sulphate of Potash (SOP). On 12 June 2015, the Company completed its 100% acquisition of Australia Salt Lake Potash Pty Ltd (ASLP) incorporating a number of salt lake brine SOP projects located in Australia, headlined by the Lake Wells Project in Western Australia. The Company’s assets have the potential to establish a world class SOP production base in Australia, a highly sought after commodity for national and international fertiliser markets.

Recently, the company put out its maiden JORC Mineral Resource Estimate of 29Mt SOP at Lake Wells with an average potassium (K) concentration of 4,009mg/l, calculated from 27 holes with an average depth of 16 metres. This makes Lake Wells one of the largest undeveloped salt lake brine projects in the world.

SO4 has all the ingredients necessary to become a top tier SOP producer, with a large resource, good brine chemistry, record evaporation rates (3 metres /pa), proximity to infrastructure and some demonstrated extractability of resource (Permeability). SO4 is completing a scoping study, due Q1 2016, which includes evaporation trials and pumping tests. We believe this will demonstrate the economic viability of the project.