Australia Salt Lake Potash Announces JORC Inferred Resource Estimate for Sulphate of Potash at Lake Wells Project, Western Australia

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An independent JORC Inferred estimate of 3.3 – 5.0 million tonnes Sulphate of Potash (SOP) at an average potassium concentration of 5,220mg/L has been completed for the Company’s priority Lake Wells Project in Western Australia. The estimate is based on the results of a drilling program targeted at delineating near surface brine pools and is considered open at depth.

The elemental ratio of the brine confirms it suitability for Sulphate of Potash (SOP) recovery

Australia Salt Lake Potash Pty Ltd, a private potash exploration and development company (the “Company”) announced today a maiden SOP resource estimate for it’s Lake Wells project located in Western Australia. Based on the results of a reconnaissance auger-drilling program carried out in June 2014, a JORC Inferred resource estimate of between 3.3 and 5.0 million tonnes SOP has been completed by an independent consultant engaged by the Company. The resource is relatively homogenous with dissolved potassium concentration averaging 5,220mg/L potassium (equivalent of 5.2kg potassium contained in a cubic meter of brine).

Jason Baverstock, Executive Director said, “We are very pleased to report a highly encouraging maiden resource estimate. Furthermore the elemental ratio of the brine confirms it suitability for Sulphate of Potash (SOP) recovery.”

“Field information and brine analysis results have now enabled us to define the hydro-chemistry of the lake and clearly delineate several target pay zones for advanced drilling and hydrological studies,” Jason said.

About the Company:
Australia Salt Lake Potash Pty Ltd controls exploration leases totaling 793 in permit areas on two major salt lakes, namely Lake Wells in Western Australia and Lake Lewis in Northern Territory. The Company also has two pending exploration licenses covering an area of 680 over Lake Ballard in Western Australia. The Company’s priority Lake Wells Project covers 522 and is located in an area free of native title.

Australia Salt Lake Potash is targeting an expedited development and production of high value SOP fertiliser from salt lake brines. Resource recovery is anticipated to be via harvesting from bores and trenching and processing via solar evaporation and subsequent conventional processing.

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 4074; 0467 236 259 E-mail: info(at)aslp(dot)net(dot)au

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