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Salt Lake Potash Ltd (SO4)

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Thursday 29 April, 2021

Salt Lake Potash Ltd

Grant of Environmental Permit

RNS Number : 9960W
Salt Lake Potash Limited
29 April 2021
 

29 April 2021

 

AIM/ASX Code: SO4

 

 

SALT LAKE POTASH LIMITED

 

Environmental Permit Granted

 

Salt Lake Potash Limited (SO4 or the Company) is pleased to announce it has received its Part IV Environmental Approval for the Lake Way project covering full scale operations of 245ktpa of SOP.

Highlights

· The Company's Part IV Environmental submission has been approved by the Government, having been recommended by the EPA with no appeals in January 2021.

· The permit enables SO4 to finalise construction of pond trains 4-6 as well as associated trench and bore construction that will support full scale operations at Lake Way of 245kt per annum of SOP.

· Construction work on the final components of on-lake infrastructure will commence this quarter.

TONY SWIERICZUK, Chief Executive Officer, stated:

"Receiving final Environmental Approval over the full Lake Way project will enable our team to commence construction of the remaining on-lake infrastructure and deliver the full scope of the Lake Way project. We look forward to commencing work shortly on this final phase."

 

For further information, please visit www.so4.com.au or contact:

 

Tony Swiericzuk / Richard Knights

Salt Lake Potash Limited

Tel: +61 8 6559 5800

Colin Aaronson / Lukas Girzadas

Grant Thornton UK LLP (Nominated Adviser)

Tel: +44 (0) 20 7383 5100

Derrick Lee / Peter Lynch

Cenkos Securities plc (Joint Broker)

Tel: +44 (0) 131 220 6939

Rupert Fane / Ernest Bell

Hannam & Partners (Joint Broker)

Tel: +44 (0) 20 7907 8500

 

This announcement has been authorised for release by the Managing Director, Mr Tony Swiericzuk.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014   which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Forward Looking Statements

This announcement includes forward-looking statements. These forward-looking statements are based on the Company's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. Although the Company believes that its forward-looking statements have reasonable grounds, can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the Company's business (including those described in pages 11 to 21 (inclusive) of the Prospectus released to ASX on 11 February 2021), which cause actual results to differ materially from those expressed herein. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, save where required by law or regulation, to reflect the circumstances or events after the date of this announcement.

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