Drilling follows expert evaluation of potential SOP recovery from lake brines.
Sydney, Australia (PRWEB) November 13, 2013
Australia Salt lake Potash Pty Ltd, a private potash exploration and development company (the “Company”), announced today that an exploration drilling and analysis program at its priority Lake Wells Project (“Project”) in Western Australia is scheduled to commence in the second half of November 2013, subject to weather conditions. The current granted exploration licenses cover an area of 390 sq.km. An adjoining pending license is expected to be granted in coming weeks bringing total exploration license area to 522 sq.km., providing 100% coverage of Lake Wells.
Jason Baverstock, Executive Director & CEO said, "We are pleased to report that following earlier reconnaissance work, pit sampling and expert evaluation of the potential for recovery of Sulphate of Potash (SOP) from the lake brines this drilling and brine sample analysis program will provide us with the opportunity to define the stratigraphy of the sediments and support our efforts in the preparation of a maiden (JORC) Inferred resource estimate of the Project, which is expected to be available in January 2014."
About the Company:
Australia Salt Lake Potash Pty Ltd controls granted and pending exploration leases totalling 967 sq.km on three major salt lakes, namely Lake Wells and Lake Minigwal in Western Australia and Lake Lewis in Northern Territory. Australia Salt Lake Potash is targeting an expedited development and production of high value Sulfate of Potash (SOP) fertiliser from salt lake brines using solar evaporation methodology.
This press release includes "forward-looking statements". Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future including, but not limited to, the commence of drilling, as well as the existence of any brine resource and ability to commercialise the Projects. Actual results could differ from those projected in any forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in press release are reasonable, it assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
For Additional Information, contact:
Tel: +61 (02) 9484 4466; +86 1356 077 0722