- Salt Lake Potash said it had signed a non-binding 'memorandum of understanding' with Blackham Resources to investigate the potential development of a sulphate of potash operation based at Lake Way, Australia.

The company said it would complete a scoping study for a potential operation at Lake Way, including a demonstration plant, by mid-2018.

'We are pleased to reach this agreement with Blackham, which could potentially bring very substantial benefit to both companies, and adds significant value from mineral rights to which neither company ascribed value as a standalone,' chief executive Matt Syme said.

At 8:35am: (LON:SO4) Salt Lake Potash Limited share price was +1.3p at 29.3p

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