logo
logo
  • Corporate
    • About Us
    • Management and Board
    • Values
    • Corporate Governance
    • Corporate Directory
    • AIM Rule 26
  • Projects
    • Lake Way
    • Other Projects
    • Reserves and Resources
  • Products
    • SO4 Products
    • SOP Market
    • Offtakes and Distribution
  • Investors
    • Investor Dashboard
    • Corporate Presentations
    • Broker Coverage
    • ASX Announcements
    • Quarterly Activities
    • Half Year Financial Results
    • Annual Reports
  • Sustainability
    • Reducing Emissions
  • Aboriginal Engagement
    • Community Engagement
      and Protocols
    • Solid Opportunity Pathway
    • Partnerships
  • Photos
    • Image Gallery
    • Video and Podcasts
  • Careers
    • Diversity
    • Employment
  • Contact us

Reserves and Resources

Lake Way and Lake Wells are brine-hosted potash deposits in a paleovalley, salt lake playa setting. The Mineral Resources are based on the dimensions of the lake bed and paleovalley sediments, the variations in porosity (brine filled void space) and the potassium grade within the brine. An understanding of the physical properties of the sediments and the aquifer hydraulics has been considered when assessing the Mineral Resource.

Lake Way

The drainable porosity Mineral Resource represents the static free-draining portion of the total porosity Mineral Resource prior to extraction. It does not take into account the impact of any groundwater recharge or solute transport which increases the amount of extractable brine above the static free-draining component over time.

A portion of the total porosity Mineral Resource, in addition to the drainable porosity Mineral Resource, is considered to be extractable depending on the transient groundwater flow and transport conditions affecting the Mineral Resource during extraction. Rainfall and run-off recharge is particularly relevant to the upper zones of the Mineral Resource and has been assessed as a component of the dynamic hydrogeological modelling which was used to determine the Ore Reserve and DFS mine plan. Accordingly, the potassium grade of the Mineral Resource is effectively the starting grade of the mine plan and is not directly comparable to the life of mine grade determined for the Ore Reserve.

Lake Way Mineral Resource (30/6/2020)
Confidence Host Mineral Tonnage Calculated from Total Porosity1 Mineral Tonnage Calculated from Drainable Porosity
Potassium
Tonnage (Mt)
Magnesium
Tonnage (Mt)
Sulphate
Tonnage (Mt)
Potassium
Tonnage (Mt)
Magnesium
Tonnage (Mt)
Sulphate
Tonnage (Mt)
Measured North LBS 3.1 3.6 12 0.77 0.91 3.1
Measured Paleochannel
Basal Sands
0.29 0.39 1.2 0.11 0.15 0.45
Indicated Paleochannel
Basal Sands
2.4 3.2 9.8 0.9 1.2 3.7
Inferred South Lake
Bed Sediment
0.9 1.1 3.8 0.24 0.3 1
Inferred Paleochannel
Sediment
41 49 168 3.1 3.6 13
Total Measured 3.3 4 14 0.88 1.1 3.6
Total Indicated 2.4 3.2 10 0.9 1.2 3.7
Total Inferred 42 50 172 3.3 3.9 14

1The resource calculated from Total Porosity represents the in-situ contained brine with no recovery factor applied. The amount of contained brine which can be extracted will be significantly less than the in-situ quantity and depends on many factors including the permeability of the sediments, the drainable porosity, the recharge dynamics of the aquifer and the duration of mining. The Paleochannel Sediment hosted Inferred Resource exhibits low permeability and brine production from this unit will be slow and only a small fraction might be recovered.

Conversion of Resources to Reserves

The extent to which SO4's potassium resources can be converted to reserves and ultimately economically extracted is a function of:

  • The tonnage of potassium rich mineralized brine within drainable porosity
  • The tonnage of potassium rich mineralized brine within the total porosity
  • The level of recharge. Salt Lake Resources recharge from surface water inflow and rainfall
  • The extent to which the recharge can liberate the potassium rich mineral salts contained within the retained porosity into drainable porosity over continued production cycles

The cyclic nature of brine production

Production Cycle

During production the brine contained in the lake playa drains under gravity towards the trench network and is subsequently removed by pumping. This creates a hydraulic gradient toward the trench and brine is drawn some distance through the aquifer toward the extraction point.

Over time the aquifer immediately surrounding the trench is partially dewatered with the drainable brine removed from the sediment, but the retained brine still held in place by surface tension.

Recharge Cycle

Western Australian Salt Lake playas receive some water input from rainfall and run-off annually. Direct rainfall lands on the playa each year, and most years, heavy, cyclonic rain events cause run-off from the surrounding catchment onto the Playa. This water infiltrates the playa surface and re-fills the drainable pores in the aquifer. The larger rainfall events usually occur from January through to March.

Mixing Cycle

The water that has infiltrated and refilled the drainable porosity mixes (by physical diffusion) with the brine held in retained porosity.

Through repeated production cycles the potassium held in retained porosity is gradually extracted

Competent Persons Statement

logo © 2021 Salt Lake Potash Ltd - ABN 98 117 085 748
  • Subscribe to Announcements
  • Email
  • Phone
  • Location
© 2021 Salt Lake Potash Ltd (SO4)

Subscribe to Announcements