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Salt Lake, Blackham to study potential Lake Way potash project development

Salt Lake Potash Ltd. said March 12 that it signed a memorandum of understanding with Blackham Resources Ltd. to conduct a study on the potential development of a sulfate of potash operation at Lake Way in Western Australia.

The development deal includes the construction of an initial demonstration plant of up to 50,000 tonnes per annum, with Salt Lake sole funding the evaluation and development at Lake Way.

Under the deal, Salt Lake will acquire Blackham's brine rights, while the latter will acquire the gold rights over the former's Lake Way holdings. Each company will retain a royalty on their respective holdings.

Both companies will also cooperate to exchange data and facilitate activities on each other's properties.

Salt Lake will complete a scoping study for a potential sulfate of potash operation by mid-2018, in time to allow for a decision on dewatering the Williamson pit of the Matilda-Wiluna gold mine owned by Blackham.