- Salt Lake Potash Ltd has advised that initial pump testing of the basal sand and surface aquifers at the Lake Wells Sulphate of Potash (SOP) Project has returned very encouraging results.

These have substantially increased the company's knowledge of the lake hydrogeology and increasing our confidence in SO4's model of extracting brine from the aquifers for production of SOP by solar evaporation.

CEO Matt Syme commented:

"We are very pleased with results to date from the drilling and pump testing campaign at Lake Wells. These early tests provide us with a lot of encouragement about the potential to draw very substantial brine flows from both the basal sand and surface aquifers.

"Next we will test the potential of the fractured siltstone aquifer as we continue a comprehensive drilling and pumping campaign to construct the Lake Wells hydrogeological model, in parallel with completion of the scoping study."

At 11:03am: (LON:SO4) Salt Lake Potash Limited share price was +0.75p at 18.5p

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