Kalium Lakes Limited has received approval for its Beyondie sulphate of potash project (BSOPP) located in the eastern Pilbara, Western Australia.
|Beyondie sulphate of potash project|
In accordance with Part 9 of the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) from
The Commonwealth Department of the Environment and Energy (DotEE) covers the abstraction of potassium-rich brine associated with Sunshine and Ten Mile Lakes, approximately 160 km south-east of Newman, and production of Sulphate Of Potash by means of solar evaporation.
The decision covers the Stage 1 area of the BSOPP, which reflects the development base case as set out in the Bankable Feasibility Study (BFS).
Managing Director, Brett Hazelden says that Kalium Lakes continues to lead the way as the first SOP project in Australia to obtain Ministerial approval under the Environment Protection and Biodiversity Conservation Act.
“This is another significant milestone for the Beyondie SOP Project and adds to the growing list of achievements required to get a new project and a new industry started in Australia,” commented Mr Hazelden.
“As an important regulatory approval, this decision – together with the anticipated further final approvals due in coming months – reinforces the key elements of the comprehensive BFS completed during September last year associated with the BSOP’s 30-50 year mine life.”
Earlier this month, Kalium Lakes said it was also wrapping up an offtake agreement with German fertiliser producer and distributor K+S for 100 per cent of the project’s phase one production.
K+S has satisfied the condition required for the execution of the offtake agreement with due diligence on the BSOPP.