Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Kalium Lakes (KLL) validates its plant process design after producing about 400 tonnes of commercially saleable sulphate of potash (SOP) from its Beyondie project in WA
  • It comes as the company completes an equipment testing program as part of its plant commissioning works
  • The company is aiming to ramp up production, though insufficient levels of kainite-type mixed salts (KTMS) to feed the plant mean production might be constrained until August
  • Until then, Kalium will continue to make plant improvements as it targets its first commercial sales in July
  • Shares in Kalium Lakes are up 21.59 per cent and trading at 11 cents each at 11:01 am AEST

Kalium Lakes (KLL) has validated its plant process design after producing about 400 tonnes of commercially saleable sulphate of potash (SOP) from its Beyondie project in WA.

It came as the company completed an equipment testing program as part of its plant commissioning works.

The company is aiming to ramp up production, but it said insufficient levels of kainite-type mixed salts (KTMS) to feed the plant have constrained production.

To rectify the issue, KLL is planning to improve pond operating procedures, with higher levels of KTMS expected in August.

Until then, it will continue to make plant improvements as it targets first commercial sales in July.

“Kalium Lakes is the first SOP producer in Australia, and we look forward to selling our first commercial production into the current extremely strong SOP price environment,” CEO Len Jubber said.

Another hurdle the company faces is funding, having flagged the need for more money in the back in March.

Kalium this morning said it has advanced discussions with financiers and its key offtake partner, K+S.

The Beyondie SOP project is expected to operate at about 80,000 tonnes per annum of SOP production by the first quarter of next year, from which point it will then further ramp up production.

Shares in Kalium Lakes were up 21.59 per cent and trading at 11 cents each at 11:01 am AEST.

KLL by the numbers
More From The Market Herald
Enero (ASX:EGG) - CEO, Brent Scrimshaw

" Enero (ASX:EGG) acquires two businesses for global growth

Enero (ASX:EGG) has acquired two businesses as part of its growth strategy and focus on creating…
The Market Herald Video

" EBR Systems (ASX:EBR) completes interim enrolment for SOLVE trial

EBR Systems (ASX:EBR) has completed interim patient enrolment in the pivotal SOLVE-CRT IDE trial of WiSE.
The Market Herald Video

" MONEYME (ASX:MME) lifts funding capacity

MONEYME (ASX:MME) has increased funding facilities to $1.65 billion, with an undrawn capacity of $388 million.
The Market Herald Video

" INOVIQ (ASX:IIQ) granted SubB2M US patent for diagnostic applications

INOVIQ (ASX:IIQ) has been granted a US patent that covers its SubB2M technology and provides intellectual…