StockMarketWire.com - Salt Lake Potash posts a pre-tax loss of USD2.2m for the six months to the end of December - up from a restated USD395,770 a year ago.

At 31 December, the company had cash reserves of USD1,248,199 (30 June 2015: USD3,172,363) and net assets of USD3,352,733 (30 June 2015 (restated): USD5,542,742). The company says it is in a strong financial position to conduct its current and planned exploration and development activities.

The Company's primary focus during the period continued to be the advancement of the Lake Wells' project, located in the Northern Goldfields of Western Australia approximately 200km north of Laverton. The project comprises 1,126 km2 of Exploration Licences, substantially covering the Lake Wells Playa and the area immediately contiguous to the Lake. The project has potential to host a large, high grade salt lake brine project to produce highly sought after Sulphate of Potash (SOP) for domestic and international fertiliser markets.




At 3:38pm: (LON:SO4) Salt Lake Potash Limited share price was -0.25p at 18.75p



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