Potash plays consider potentially sharing costs

MARK Creasy-backed Australian Potash and Ian Middlemas-backed Salt Lake Potash are to look at the possibility of sharing infrastructure and other costs from potash projects in the Lake Wells region north east of Kalgoorlie in Western Australia.

Potash plays consider potentially sharing costs Potash plays consider potentially sharing costs Potash plays consider potentially sharing costs Potash plays consider potentially sharing costs Potash plays consider potentially sharing costs

Lake Wells

The two describe the cost savings as "potentially very substantial".

The companies point to their substantial project holdings at Lake Wells as being contiguous and hence having many common infrastructure elements, including access roads, proximity to the Leonora rail terminals, and potential power and fresh water solutions.

The potential cooperation could go further too, "with further potential benefits arising from shared or common evaporation and salt processing facilities".

Separately both companies have already shown themselves to be a bit different from their ASX peers, with Australian Potash to only use bores at its Lake Wells venture - versus the mainly trenching utilised by others - and Salt Lake Potash having multiple different projects and cutting a...

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