Kalium Lakes receive ‘satisfactory’ standard from top potash provider K+S in due diligence review

KEY TAKEAWAYS:

• Kalium Lakes Limited (ASX:KLL) is pleased to announce it has completed its technical due diligence review to a satisfactory standard.
• The review was conducted by K+S who are one of the top potash producers in the world.
• Managing Director, Brett Halzelden, said this is the final step prior to executing the legal documentation required for a binding off-take agreement with K+S.

Kalium Lakes Limited (ASX:KLL) is pleased to announce that it has received confirmation from K+S that it has satisfactorily completed its technical due diligence review on the Beyondie Sulphate Of Potash Project (BSOPP).

The review was conducted by K+S working in close co-operation with the team at Kalium Lakes. It involved a site visit to the BSOPP site, technical reviews with K-UTEC, DRA Global, Advisian and others in Germany and Australia.

Managing Director, Brett Halzelden said the completion of the due diligence is ‘the final step prior to executing the legal documentation required for a binding off-take agreement with K+S’ which is due to be completed this month.

K+S is one of the top potash providers in the world.

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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