Salt Lake Potash Limited Procurement Update (4439S)
09 Luglio 2020 - 8:00AM
UK Regulatory
TIDMSO4
RNS Number : 4439S
Salt Lake Potash Limited
09 July 2020
9 July 2020 AIM/ASX Code: SO4
SALT LAKE POTASH LIMITED
-------------------------
PROCUREMENT UPDATE
Salt Lake Potash Limited ( SO4 or the Company ) is pleased to
provide an update on procurement, with all major long-lead items
for the process plant and non-process infrastructure tracking in
line with or ahead of the project schedule.
HIGHLIGHTS
-- The Lake Way Project is now over 90% procured with all key
vendor contracts executed.
-- There are no known impacts to schedule from COVID-19.
-- The largest procurement package, the process plant
crystalliser, commenced transit to Australia at the end of June and
is expected to arrive at Fremantle Port in late July, several weeks
ahead of schedule.
-- Other major plant components including centrifuges,
attritioners, floatation cells, sizing screens, thickeners, rotary
drier, impact crushers, lump breakers and conveyer belts have all
been ordered.
-- Over coming weeks structural steel will start being erected
onsite and a number of key plant components will arrive.
-- The Project remains on track for first SOP sales in the March
2021 quarter.
TONY SWIERICZUK, Chief Executive Officer
"During the June quarter our procurement and engineering teams
have been busy finalising contracts with suppliers and completing
detailed engineering of the plant and non process infrastructure.
So far we have seen no impact to the project schedule from COVID-19
as we push towards first production in the March quarter of next
year."
For further information or to view a full version of this
announcement, including diagrams, please visit
https://www.so4.com.au/asx-announcements/ or contact:
Tony Swiericzuk / Richard Knights Salt Lake Potash Limited Tel: +61 8 6559 5800
Colin Aaronson / Richard Tonthat / Seamus Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Fricker
Derrick Lee / Peter Lynch Cenkos Securities plc (Joint Broker) Tel: +44 (0) 131 220 6939
Rupert Fane / Ernest Bell Hannam & Partners (Joint Broker) Tel: +44 (0) 20 7907 8500
This announcement has been authorised for release by the
Managing Director, Mr Tony Swiericzuk.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Forward Looking Statements
This announcement may include forward-looking statements. These
forward-looking statements are based on Salt Lake Potash Limited's
expectations and beliefs concerning future events. Forward looking
statements are necessarily subject to risks, uncertainties and
other factors, many of which are outside the control of Salt Lake
Potash Limited, which could cause actual results to differ
materially from such statements. Salt Lake Potash Limited makes no
undertaking to subsequently update or revise the forward-looking
statements made in this announcement, to reflect the circumstances
or events after the date of that announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDEALXPESSEEFA
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