What's happened?
Salt Late Potash (ASX:SO4) has announced positive results from the pumping of its paleochannel brine extraction bore at Lake Way.
What are the key highlights?
- Pumping of the initial brine extraction bore drilled into the Lake Way paleochannel delivered flow rates of 18 litres per second with a consistent Potassium grade of 7,100mg per litre (15.9kg/m3 SOP), sustained over a 17 day period.
- The results are significantly above average flow rates used in the Bankable Feasibility Study (BFS) of 8 litres per second (per bore) and average interpolated brine grades within the paleochannel of 6,100mg per litre (13.7kg/m3 SOP).
- Drawdown of brine observed in monitoring bores located next to the pumping bore aligned with hydrogeological assumptions used in the BFS.
- Two additional brine extraction bores have been completed along the paleochannel with pumping expected to commence in the near term.
For further information, please refer to the announcement linked below.
