THE BOURSE WHISPERER: Australian Potash (ASX: APC) received all necessary approvals from the Department of Mines and Petroleum, the Department of Water and the Department of Environment Regulation for development of pilot evaporation ponds at the company’s 100 per cent-owned Lake Wells potash project in Western Australia.
Australian Potash indicated it will commence an on-site, pilot evaporation pond program to produce the first sample of Sulphate of Potash (SOP) from the Lake Wells project.
The company’s potash consultants, Novopro, are coordinating the test-work program to optimise the process design.
Production of the bulk samples of potash salts from the pilot evaporation pond program are expected to provide site specific factors to further the optimisation of the process design, and lead to the production of the first SOP sample product from the project.
Australian Potash said the construction of the evaporation pond is scheduled to commence in May, adding the pilot pond program will build on pan evaporation trials it has had underway for several months.
This information will combine with site climate data generated through a permanent 24/7 weather station the company installed to build its overall understanding of the evaporative environment at Lake Wells.
“We enjoy a very constructive dialogue with the regulatory bodies overseeing mining in Western Australia,” Australian Potash executive chairman Matt Shackleton said in the company’s announcement to the Australian Securities Exchange.
“It is pleasing to receive a key regulatory permit for the Lake Wells potash project, demonstrating the APC team’s commitment to delivering a project to create value for all stakeholders as the permitting process progresses in lockstep with project work streams.
“The APC team is focused on the delivery of a high returning project at Lake Wells to capitalise on the strong fundamental outlook for high quality SOP production within close proximity to transport logistics for domestic and export markets.”