THE BOURSE WHISPERER: Kalium Lakes (ASX: KLL) has had all of the required Mining Tenure for the company’s 100 per cent-owned Beyondie sulphate of potash project granted by the Department of Mines, Industry Regulation and Safety (DMIRS).
Kalium Lakes’ tenure includes two Mining Leases, 15 Miscellaneous Licences and a gas pipeline licence, in addition to 15 granted Exploration Licences.
The company explained all Mining Tenure has been granted with the consent of the Determined Native Title holders, the Gingirana People and the Birriliburu People, in accordance with the signed Mining Land Access Agreements.
All of the Exploration Licences have also been granted in accordance with the Land Access and Mineral Exploration Agreements.
“The grant of all of our Mining Tenure requirements allows the full value chain to be accomplished including, extraction of the brine, evaporation to form salts, SOP purification and haulage to the Australian agricultural industry or an export port,” Kalium Lakes managing director Brett Hazelden said in the company’s announcement to the Australian Securities Exchange.
“Kalium Lakes is the only company to have all the tenure requirements granted to develop what we expect will be the first commercial SOP production facility in Australia.
“We would like to thank the Gingirana People and the Birriliburu People traditional owners for their consent and ongoing support of the project.”