PriceSensitive

Australian Potash (ASX:APC) receives consent from EPA for its Lake Wells development project

Materials
ASX:APC      MCAP $4.080M
08 May 2020 13:10 (AEST)
Australian Potash (ASX:APC) - Managing Director & CEO, Matt Shackleton

Source: YouTube

Australian Potash (APC) has received consent from the Environmental Protection Authority (EPA) to proceed with minor and preliminary works at Lake Wells.

The Lake Wells Sulphate of Potash Project is located 500 kilometres northeast of Kalgoorlie in Western Australia’s Eastern Goldfields.

This consent will help advance EPA’s pending report on Lake Wells’ development proposal, which is detailed in the Environmental Review Document (ERD). Ministerial approval is also needed by all sulphate of potash (SOP) projects being developed in WA.

The minor and preliminary works that have EPA’s consent includes upgrading the camps access track to more durable access conditions, constructing and maintaining the eastern borefield track and developing several borrow areas to source material from above.

Australian Potash will also build a construction village which will include accommodation camp, fuel storage and wastewater treatment plant.

Managing Director and CEO Matt Shackleton is very pleased to progress the approval pathway for the Lake Wells SOP project.

“Our team has been working closely with the EPA to ensure all aspects of the proposed Lake Wells development meet or exceed required standards for the protection of the broader environment at Lake Wells,” he said.

Additionally, the company has also applied to proceed with what is referred to as minor and preliminary works.

“The EPA is willing to grant this approval ahead of its recommendations to the Minister for Environment on the full development, when a company can demonstrate responsible, recoverable and minimal impact on the environment, of these works,” Matt explained.

Australian Potash is up slightly on the market today, selling shares for 5.2 cents each at 12:37 pm AEST.

Related News