Kalium Lakes in talks with Australian Government for NAIF potash funding

The Australian Government-backed Northern Australia Infrastructure Facility (NAIF) is to investigate potential funding options for Kalium Lakes’ Beyondie Suphate of Potash (SOP) project in Western Australia.

The NAIF Act, which was set up in 2016, can approve up funding for projects in Queensland, Western Australia and the Norther Territory to an aggregated total of $5 billion for the benefit of northern Australian infrastructure.

Kalium Lakes’ in-development Beyondie project — which hosts Australia’s highest grade SOP brine deposit — received government approval from the Department of Mines, Industry Regulation and Safety (DMIRS) last month.

Kalium Lakes has reported probable reserves of 2.66Mt at 14.2kg per cubic metre and is aiming to produce 150,000t/y of SOP, which is primarily used as for agricultural fertilisation.

If Kalium eventually receives funding from the NAIF, it will be used to bring the Beyondie project into Stage 1 following construction of a $29 million, 78km pipeline to connect the site to the Goldfields gas pipeline, reducing operating costs by $30–33 per tonne.

Once operation begins, Beyondie will become the first domestic SOP producer in Australia.

“We are enthusiastic about this relationship, which has been developing since initial discussions in late 2017, as agriculture infrastructure is a key focus for NAIF,” said Kalium Lakes managing directo Brett Hazelden.

“Kalium Lakes hopes that by working together we can achieve a successful funding outcome given the Beyondie SOP Project’s strong connection with the Australian agriculture sector.”