Kalium crosses the line as Australia’s leading SOP producer

0

Kalium Lakes claims the crown as Australia’s largest producer of potash sulphate after its Beyondie project produced its first batch upon commissioning.

The production of high-quality SOPs, an invaluable premium fertilizer for chloride-intolerant crops such as avocados, is the culmination of seven years of work since the company was founded in September 2014.

Kalium Lakes (ASX: KLL) will now continue product commissioning as performance testing is complete.

He added that the acceleration of planned commercial production remains on track while construction and commissioning activities remain within the capital expenditure budget.

“Kalium Lakes has taken another important milestone for the Beyondie SOP project, producing its first SOP seven years after the company was founded in September 2014,” said Rudolph van Niekerk, Chairman and CEO.

“We always said it wasn’t a race and we were focused on doing it rather than being the first, but in the end we were lucky to do both!

The company has also awarded additional contracts for the transportation services of SOP products.

Beyondie SOP Project

Beyondie is a potash brine project in the eastern Pilbara region of Western Australia that includes 16 granted exploration licenses, two mining leases and several miscellaneous licenses covering a total area of ​​approximately 1,800 km².

The first-stage levy of 120,000 tonnes per year is already committed to a 10-year agreement with German fertilizer giant K + S, which currently supplies more than 60% of the SOP markets in Australia and New Zealand. Zealand.

Work is currently underway to finalize the offtake and marketing plans for the planned 120,000 tpa expansion project.

Kalium is also finalizing the expansion study which will accelerate the increase in SOP production capacity due to the increase in SOP prices.

The mine life is currently expected to be around 50 years, with exploration offering additional potential for its expansion.


This article was developed in collaboration with Kalium Lakes, a Stockhead advertiser at the time of publication.

This article is not advice on financial products. You should consider getting independent advice before making any financial decisions.

You might be interested in


Source link

Share.

Leave A Reply