- Salt Lake Potash said construction of evaporation pounds had commenced at its Lake Way project in Western Australia following permit approvals.

The Lake Way pounds would be the first commercial-scale on-lake sulphate of potash evaporation ponds in Australia.

The first phase of construction would enable de-watering of the Lake Way Williamson pit that contained the highest-grade brine resource in Australia.

'This is a key milestone for not only Salt Lake Potash but also for the creation of the new SOP industry within Australia,' chief executive Tony Swiericzuk said.

'We will continue to progress works at Lake Way on both the construction of the first phase of evaporation ponds and also on the exploration of the 'whole of lake' development options which we believe will underpin a globally significant SOP operation.'

At 1:45pm: (LON:SO4) Salt Lake Potash Limited share price was +1.5p at 30p

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