Located in Wiluna region, Lake Way project is expected to produce 245,000t of SOP annually, which is a highly valued product for growers of chloride intolerant crops
Salt Lake Potash CEO Tony Swiericzuk and GRES Managing Director Geoff Jones signing agreements. (Credit: Salt Lake Potash Ltd.)
Salt Lake Potash, an Australian company, has awarded contracts to GR Engineering Services (GRES) for the construction of process plant and non-process infrastructure (NPI) at its Lake Way Project in Australia.
The Lake Way project in the Goldfields region of Western Australia is located 15km south of Wiluna. The project is expected to produce nearly 245,000t of (sulphate of potash) SOP annually, with a mine life of 20 years. The first production at the mine is expected to take place by the end of this year.
SOP is claimed to be a good source of potassium, which is favoured by high value, chloride intolerant crops.
GRES has agreed to provide engineering, procurement, construction (EPC) and engineering, procurement, construction and management (EPCM) services for the Lake Way processing facility and NPI.
The two contracts are valued at AUD107m ($73m)
Valued at AUD107m ($73m), the contracts represent more than 40% of the total project capital requirement.
The scope of GRES’ agreement contemplates for a collaborative arrangement, where it will work with Salt Lake Potash and manage the delivery of third party process design and key equipment supply.
Salt Lake Potash CEO Tony Swiericzuk said: “We are very pleased to have executed these contracts with GRES who have been a critical contracting partner by our side throughout the design development of the Lake Way processing plant and off-lake infrastructure since early 2019.
“The finalisation of these major Project contracts and the substantial engineering and procurement activity to date has further de-risked the Lake Way Project execution and confidence around the capital budget.”
GRES managing director Geoff Jones said: “We are extremely pleased to have been engaged to play a key role in the delivery of the process plant and non-process infrastructure for the Lake Way Project.
“We look forward to continuing to work collaboratively with Salt Lake Potash to deliver safe and successful outcomes. GR Engineering looks forward to Salt Lake Potash emerging as a significant new Australian SOP Producer.”