Kalium Lakes Completed Feasibility Study Positive

Kalium Lakes is an Australian focused potash producer. 

Kalium Lakes (ASX:KLL) has announced the the completion of the definitive feasibility study (BFS) including an updated ore reserve for the 100 percent owned Beyondie sulphate of potash project in Western Australia.

Kalium Lakes is an Australian focused potash producer.

As quoted from the press release:


• Robust, Bankable Project: BFS confirms that Kalium Lakes’ 100 percent owned, Beyondie sulphate of potash project (BSOPP), is technically and financially robust, with production anticipated in 2020.

90 percent increase in ore reserves: Based solely within the Stage 1 Approval Footprint which represents less than a quarter of total lake surface area within the tenement package 1:
Proved Reserve of 1.65 Mt @ 13,830 mg/l SOP at a cut-off grade of 2,500mg/l K
Probable Reserve of 3.49 Mt @ 11,820 mg/l SOP at a cut-off grade of 2,500mg/l K
Measured Resource of 1.72 Mt @ 11,488 mg/l SOP
Indicated Resource of 9.17 Mt @ 12,459 mg/l SOP
Inferred Resource of 8.75 Mt @ 12,593 mg/l SOP

• Increased Production Rates: The base case outcome of the BFS for the Beyondie SOP project is a 164ktpa SOP operation. This is an increase of 10 percent on the pre-feasibility study (PFS) based on (amongst other matters) an update to the Company’s increased Ore Reserve, detailed brine extraction modelling, pilot scale pond and processing outcomes.

After taking into consideration operational, SOP market and financing risk management perspectives, the Company has confirmed a phased ramp-up development scenario, starting with a commercial demonstration scale 82ktpa SOP operation, before
ramping up to a 164ktpa full scale SOP production facility.

  • Extended Mine Life In Excess of 30 years 2
    Based on production of 164ktpa SOP, the extended
    mine life represents an increase of 7 years on the PFS estimated mine life. The Economic Evaluation
    excludes any production post 30 years from the Base Case Mine Plan.
  • Improved Financial Outcomes for the Base Case:
    Pre-tax NPV8 AU$575M, IRR of 20 percent
    Average EBITDA of AU$116Mpa, EBITDA margin of 61 percent
    A payback period of 7 years and Life of Mine (LOM) 30 years
    Free cash flows of more than +AU$2 billion
    Based on CRU forecast US$606/t nominal average LOM SOP @ $AU/$US exchange rate of 0.73.

Click here to read the full announcement

Tempus Closes A $1.9 Million Private Placement

Tempus Resources Ltd (“Tempus” or the “Company”) (ASX:TMR)(TSX.V:TMRR) is pleased to announce that it has closed the non-brokered private placement announced on 23 April 2021 (the “Placement

The Placement has been completed utilising the Company’s available capacity under ASX Listing Rules 7.1 and 7.1A. It includes two tranches: Tranche 1, which consists of 6,037,736 ordinary shares issued on 12 May, 2021, as “Canadian flow-through shares” at a price of C$0.155 (approximately A$0.163) per share for proceeds of approximately C$935,849; and Tranche 2, which consists of 6,065,425 ordinary shares issued on 30 April 2021 at a price of A$0.145 (approximately C$0.138) per share for proceeds of approximately A$879,487. The total proceeds from both Tranche 1 and Tranche 2 of the Placement are approximately A$1,866,149 (C$1,770,042). Following the completion of the Placement, the Company has 98,744,613 shares on issue.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Appendix 2A

The announcement can be viewed at:

Keep reading... Show less

Massive Sulfide Nickel Drilling Update

Blackstone Minerals Limited (“Blackstone" or the “Company") is pleased provide an exploration update on its flagship Ta Khoa Nickel-Cu-PGE project, for which assay results have been received from drilling at its Massive Sulfide Vein (MSV) prospects (refer Table 3, Table 4 & Appendix 1).

Keep reading... Show less

Novo Completes Malmsbury Option Exercise with GBM Resources Limited

Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project (the “ Malmsbury Project ”) held by ASX-listed GBM Resources Limited (ASX: GBZ) (“ GBM ”) following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval (refer to the Company’s news releases dated March 30, 2020 September 24, 2020 and January 15, 2021 for further details).

“We are thrilled to complete our option exercise at Malmsbury,” commented Dr. Quinton Hennigh, Chairman and President of Novo. “We see Malmsbury as a Fosterville analogue given its similar position along the eastern margin of the prolific Bendigo Zone, epizonal orogenic setting and historic high-grade gold production. Our geologic team will pursue aggressive field work over the next few months with the goal of developing drill targets for testing later this year.”

Keep reading... Show less

Rare Earth Elements Demand is Still Growing

Rare Earth Elements are 17 silvery-white heavy metals with special magnetic capabilities. REEs have diverse applications and are commonly used in lasers, glass, superconductors, hard drives, wind turbine generators, and magnetic materials. Despite the name, REEs are abundant in the world, often found underground alongside uranium in sand structures called monazite. REEs concentrate must first be separated from the sand. Neodymium and praseodymium (NdPr) represent about 80% of the value of REE concentrate. Demand for these elements is growing because of their use in electric vehicles, wind turbines, and appliances. Adams Intelligence expects the demand for NdPr to double in the next five years. Removing REEs from monazite and then separating REEs into individual components is a complicated process. Read More >>

News Provided by Channelchek via QuoteMedia

Keep reading... Show less

Top News

Related News