StockMarketWire.com - Salt Lake Potash said its first-half losses widened as it continued to invest in the development of its salt-lake brine fertilizer operation in Australia.

Pre-tax losses amounted to $5.4m, compared to a loss of $5.0m in the previous corresponding period.

At 31 December, the company had cash reserves of $10.0m, down from $15.6m a year earlier, and net assets of $12.3m.

'The company is in a financial position to conduct its current and planned exploration and development activities,' it said.




At 9:52am: (LON:SO4) Salt Lake Potash Limited share price was +1.3p at 31.5p



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