Parkway Minerals has expanded into Western Australia’s salt lake sector, acquiring the Lake Barlee potash/lithium brine project northwest of Kalgoorlie.
Parkway secured 10 exploration licences over 1834km2 of Lake Barlee, located around 200km north of Southern Cross in WA. It also purchased another exploration licence from Dakota Minerals, giving it the controlling stake over the lake.
A 2013 review of Australian salt lakes from Geoscience Australia identified Lake Barlee as having high potential for potassium and lithium mineralisation, which the company aims to find.
In addition, the Lake Barlee project presents further cost savings as it is close to existing rail and other infrastructure.
Parkway Minerals managing director Patrick McManus said the acquisition enables the company to boost its evaluation program on Lake Barlee.
“The region is very prospective as a source of potash from brines,” he said.
“WA, Australia and our near regional neighbours are significant consumers of potash so there is a window of opportunity there for new, local, low-cost supplies for the agricultural sector.”
The company plans to conduct first drilling by the end of the year.