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- Australian Potash (APC) is one step closer to beginning development at the Lake Wells Sulphate of Potash (LSOP) project in WA
- The company today announced that the Environmental Protection Agency (EPA) has recommended that the WA Environment Minister approve full development of the project
- In early May, Australian Potash received consent from the EPA that could see it begin minor and preliminary works at Lake Wells
- This work included upgrading the camp’s access track to more suitable conditions and developing several borrow areas to source material
- Company shares are up a steady 13 per cent and are trading for 13 cents each just before market close
Australian Potash (APC) is one step closer to beginning development at the Lake Wells Sulphate of Potash (LSOP) project in WA.
The company today announced that the Environmental Protection Agency (EPA) has recommended that the WA Environment Minister approve full development of the project.
“We are very pleased to advise shareholders of the EPA Board’s recommendation to the Minister that the LSOP be approved for development,” CEO and Managing Director Matt Shackleton commented.
“In any minerals project development, this is a seminal step, and one which the APC team can be rightly proud,” he added.
In early May, Australian Potash received consent from the EPA that could see it begin minor and preliminary works at Lake Wells.
This work included upgrading the camp’s access track to more suitable conditions, constructing and maintaining the eastern track, and developing several borrow areas to source material.
Lake Wells lies roughly 500 kilometres northeast of Kalgoorlie and a definitive feasibility study has identified an operation life of 30 years and production of 4.5 million tonnes of high-grade sulphate of potash.
Australian Potash believes that it has the potential to become a significant long-life, low capital, and high margin sulphate of potash producer.
Company shares are up a steady 13 per cent and are trading for 13 cents each at 4:10 pm AEST.
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