News and Announcements
Kalium Lakes Limited granted license to construct gas pipeline to the Beyondie Sulphate of Potash project
- Published November 13, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Kalium Lakes Limited (ASX:KLL) is pleased to announce that it has been granted a licence to construct and operate a gas pipeline.
- The gas pipeline will be constructed to the Beyondie Sulphate Of Potash Project and would reduce operating costs by approximately $31-34 per tonne.
- The gas pipeline forms part of the formal investment proposal that is being prepared for submission to the Australian Government’s Northern Australia Infrastructure (NAIF).
Kalium Lakes Limited (ASX:KLL) is pleased to announce that it has received a licence to construct and operate a gas pipeline to the Beyondie Sulphate Of Potash Project.
Under delegation from the Minister for Mines and Petroleum (under section 10(1) of the Petroleum Pipelines Act 1969), has granted licence PL117 to construct and operate a pipeline for the conveyance of petroleum and for associated purposes along the authorised route to the 100% owned Beyondie Sulphate Of Potash Project (BSOPP) in the East Pilbara region of Western Australia.
The licence allows KLL to continue to assess the option of constructing the pipeline in place of trucked gas bullets.
The pipeline will connect to the Goldfields Gas Pipeline and would reduce operating costs by approximately $31-34 per tonne.
The gas pipeline forms part of the formal investment proposal that is being prepared for submission to the Australian Government’s Northern Australia Infrastructure (NAIF).
Brett Halzelden, Kalium Lakes Managing Director, said: “The grant of this licence confirms that we
now have the flexibility to include the gas pipeline in the mix of construction variables, in order to optimise the best configuration of the processing plant.”
About Kalium Lakes Limited (ASX: KLL)
Kalium Lakes has completed a Bankable Feasibility Study (BFS) for the Beyondie SOP Project, aiming to commence production at 82ktpa of SOP, before ramping up to 164ktpa of SOP. First production is anticipated in 2020 with an initial mine life of between 30-50 years. The Project has been designed to be a low cost, long life and high margin producer.
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