News and Announcements
Kalium Lakes (ASX: KLL) recipient of $74M loan package from NAIF
- Published March 04, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Highlights
- Kalium Lakes Limited has announced confirmation of $74 million project funding from the Board of the Northern Australia Infrastructure Facility (NAIF).
- This significant funding package will allow Kalium to bring forward the construction of a A$29 million, 78 km lateral gas pipeline.
- Funding will also be assigned to associated infrastructure support for the project.
Kalium Lakes Limited has announced confirmation of $74 million project funding from the Board of the Northern Australia Infrastructure Facility (NAIF). The funding package will support the development of the Beyondie Sulphate Of Potash Project.
This significant funding package will allow Kalium to bring forward the construction of a A$29 million, 78 km lateral gas pipeline. The pipeline will connect to the Goldfields Gas Pipeline and an on-site gas-fuelled power station. The implementation of the pipeline will mean reduced operating costs of approximately A$62-65 per tonne.
The funding will also support the Beyondie SOP Project with associated infrastructure support including upgrades to the unsealed road connecting the Beyondie SOP Project site to the Great Northern Highway, stretching 78 kilometres, accommodation to house over 120 people, new communication infrastructure and an airstrip.
The facilities are subject to final documentation and conditions.
About Kalium Lakes (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. The 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.
Company Updates
From Outback to Boardroom: How SWAN Systems is Codifying Water Stewardship
From the arid deserts of Australia to the boardrooms of global tech giants, SWAN Systems is redefining water efficiency. By bridging the gap between field-level agronomics and autonomous irrigation control, the company is proving that “water-positive” targets can be met with science, data, and a 10x ROI commitment.
The Ferrari of Immunotherapy: Chimeric’s High-Stakes Race to Cure Cancer
In the high-stakes world of biotechnology, the most sophisticated weapon against cancer isn’t a new chemical compound but the patient’s own immune system, re-engineered with the precision of a high-performance engine. “This particular CAR T is like a Ferrari,” says Dr. Rebecca McQualter, CEO of Chimeric Therapeutics (ASX: CHM). “It’s got two big engines on […]
From Algae Pioneers to a Natural Revolution: The Second Act of WRS Bioproducts
As the US FDA prepares to phase out synthetic food colors by the end of 2026, WRS Bioproducts is stepping in to solve a looming supply crisis. Led by industry pioneer Harry Rosen, the company is leveraging 40 years of industrial algae farming expertise to scale production of natural, superior-quality beta-carotene, positioning itself as a vital supplier in the rapidly shifting global market for natural ingredients.
Backed By Leading Investment Groups and Family Offices
