Lake Way output increased

A bankable feasibility study (BFS) into the Lake Way sulphate of potash (SOP) project, in Western Australia, has estimated that the project would require a capital investment of A$254-million to develop.

ASX-listed Salt Lake Potash on Friday told shareholders that the BFS estimated a post tax net present value of A$479-million and an internal rate of return of 28%, with steady state earnings before interest, tax, depreciation and amortization estimated at A$111-million.