trending Market Intelligence /marketintelligence/en/news-insights/trending/AWjplSGBXq9Py1MiVJzZIw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Verdant optioning 40% of Karinga Lakes potash project to Aqua Guardian Group

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Verdant optioning 40% of Karinga Lakes potash project to Aqua Guardian Group

Verdant Minerals Ltd. said Aug. 10 that it entered an agreement enabling Australian water technology company Aqua Guardian Group Ltd. to earn up to a 40% interest in the Karinga Lakes sulfate of potash project in Australia's Northern Territory by spending A$3 million on the project.

The agreement is based on the staged commercialization of Aqua Guardian's aMES mineral processing technology, which is a more efficient and cost-effective way of producing valuable minerals from salt lake brines than traditional methodologies, according to a statement.

In the first stage of the agreement, Aqua Guardian can earn an initial 15% stake in the project within 18 months by spending A$1 million.

Funds are earmarked for developing a lab-scale aMES pilot plant, test work using Karinga Lakes salts, and completing a scoping study. Upon completion of the first stage, the companies will form a joint venture.

In the next phase, Aqua Guardian can up its stake by an additional 15% or 25% by contributing a further A$1 million to A$2 million.

As part of the deal, Verdant secured exclusive rights to the aMES technology for brine projects in the Northern Territory and South Australia. In addition, the company can choose to participate in two additional brine projects proposed by Aqua Guardian over the next six years, which may include lithium-prospective properties.

"The initial stage-one work on developing and commercializing the aMES technology will be managed by [Aqua Guardian] which will enable Verdant Minerals to continue its primary focus of developing its flagship Ammaroo phosphate project," Chris Tziolis, Verdant's managing director, said.