Native title green light for Lake Wells potash

West Perth-based Australian Potash has completed native title work for its Lake Wells project in the Goldfields, and is expected to commence work on a feasibility study in coming months.

The company reported that there had been no objections to its mining lease applications by the May 11 deadline under the Native Title Act.

Potash executive chairman Matt Shackleton said the company had developed a constructive and cooperative relationship with senior traditional owners in the Lake Wells area.

“Australian Potash is committed to developing these relationships as our Lake Wells potash project develops, with the ultimate aim of creating value for stakeholders and shareholders alike,” he said.

“We consider the completion of the native title process over the proposed mining lease application areas to be a major milestone and beneficial to our development timeline.”

The company said it was planning to build pilot evaporation ponds, test production bores and undertake a test pumping program before the end of the quarter.

Shares in Australian Potash were unchanged at 11.5 cents each at the time of writing.