German fertiliser group WITTRACO Düngmittel has expressed an interest in buying one fifth of Australian potash developer Kalium Lake’s sulphate of potash (SOP) production from its Beyondie SOP project, in Western Australia.
Kalium has signed a nonbinding offtake memorandum of understanding with WITTRACO for 20% of the project’s yearly SOP production during the first five years of production.
The ASX-listed project developer said in a statement on Friday that the German group planned to support the development of the Beyondie SOP project and that the companies planned to concert the MoU to a binding sales contract.
The Beyondie SOP project, near Newman, comprises 15 granted exploration licences and a miscellaneous licence covering about 2 400 km2. The project has an inferred mineral resource of 18.84-million tonnes and an indicated mineral resource of 0.94-million tonnes drainable brine SOP.
Kallium also recently entered into a joint venture with BC Iron over the Carnegie project, near Wiluna.