About

Kalium Lakes Limited

Company

KLL is an exploration and development company focused on developing the 100% Owned Beyondie Sulphate Of Potash Project (BSOPP) in Western Australia with the aim of commencing production at 90ktpa of Sulphate Of Potash (SOP) before ramping up to 180ktpa of SOP for domestic and international sale.  An initial mine life of between 30-50 years is anticipated for a project designed to be a low cost, long life and high margin producer.

The Project covers an area of approximately 1,760 square kilometres, comprising 16 granted exploration licences, 15 granted miscellaneous licences, two granted mining leases and a gas pipeline licence.  Kalium Lakes is developing a sub-surface Brine deposit to produce a SOP product, by undertaking an evaporation and processing operation 160 kilometres south east of Newman.

KLL announced a Final Investment Decision on 3 October 2019 and is now proceeding with full construction activities, with production anticipated in 2020.

Kalium Lakes has entered into a Binding Offtake Agreement with pre-eminent international SOP producer and distributor, K+S.  The Agreement includes the following key elements:

  • An initial 10-year term to provide K+S with 90,000tpa of SOP products, representing 100% of the anticipated production from Phase 1 of the Beyondie Sulphate of Potash Project.
  • Pricing is linked to the sales price realised by K+S, which will also receive a marketing fee for selling and distributing the SOP product.
  • K+S offers Kalium Lakes unparalleled expertise and technical support in relation to design, construction and commissioning.

Kalium Lakes adheres to the JORC 2012 Code and the Canadian Institute of Mining, Metallurgy and Petroleum Best Practice Guidelines for Resource and Reserve Estimation for Brines (CIM Guideline).

In addition, the Company is part of the Association of Mining and Exploration Companies (AMEC) Potash Working Group and recognises that the Joint Ore Reserve Committee (JORC) has adopted the “Guidelines for the Resource and Reserve Estimation for Brines” that had been jointly developed by the Australian SOP Brine Industry and its specialist hydrogeologists in conjunction with AMEC.

Directors

Malcolm Randall

Chairman

Mr Malcolm Randall (Dip Applied Chem, FAICD) holds a Bachelor of Applied Chemistry Degree and has more than 45 years’ of extensive experience in corporate, management and marketing in the resources sector, including more than 25 years with the Rio Tinto group of companies. His experience has covered a diverse range of commodities including iron ore, base metals, uranium, mineral sands and coal. Mr Randall has held the position of chairman and director of a number of ASX listed companies. Past directorships include Consolidated Minerals Limited, Titan Resources Limited, Northern Mining Limited, Iron Ore Holdings Limited and United Minerals Corporation NL. Current directorships include MZI Resources Limited, Thundelarra Limited, Summit Resources Limited and Magnetite Mines Limited.

Brett Hazelden

Managing Director and Chief Executive Officer

Brett Hazelden (B.Sc. MBA GAICD) is a Metallurgist who brings more than 19 years’ experience in project management, engineering design and operations servicing the Australasian resources industry. His previous responsibilities include project management, feasibility study evaluation, engineering and design, estimating, financial evaluation, cost control, scheduling, contracts and procurement, business risk and strategic development. As well as other roles, he has held senior positions at Rio Tinto, Fluor, Newcrest Mining and Iron Ore Holdings.

Brett Hazelden has studied, managed and executed projects from small scale works up to multi-billion dollar complex developments. He has been responsible for environmental permitting and approvals, heritage, native title negotiations, external relations, as well as tenure management. Brett has also been involved in numerous mergers, acquisitions and due diligence reviews in recent years.

Rudolph van Niekerk

Executive Director and Chief Development Officer

Rudolph van Niekerk (B.Eng. Mechanical GAICD) is a professional in the mining and resources industry with more than 12 years’ experience in project and business management. Previous positions include senior engineering roles for Ausenco, Anglo Gold Ashanti and BC Iron.

During his career Rudolph van Niekerk has held a range of different roles in the management of projects and operations. His various responsibilities have included financial evaluation, risk review and management, project management, development of capital and operating cost estimates, budget development and cost control, design management, planning, reporting, contract administration, quality control, expediting, construction, commissioning, production ramp-up and project hand-over to operations.

Stephen Dennis

Director

Mr Stephen Dennis has a career spanning more than 30 years as an experienced and well regarded company director and has been appointed on a number of senior boards in the Australian and international resources sector.

Mr Dennis was the Managing Director and Chief Executive Officer of CBH Resources Limited and is currently the non-executive chairman of several ASX listed resource companies, including Heron Resources Limited, Rox Resources Limited, EHR Resources Limited and Graphex Mining Limited.

He has also held senior operational and commercial positions in MIM Holdings Limited, Minara Resources Limited, and Brambles Australia Limited.

Senior Management

Christopher Achurch

Chief Financial Officer and Joint Company Secretary

Mr Achurch was recently a Senior Manager with RSM Australia, one of this nation’s top six corporate financial and advisory accounting service providers. He has considerable experience, operating at a senior level, in providing expert audit advice to a number of major businesses across the exploration, mining and agricultural sectors.

A member of the Institute of Chartered Accountants Australia and New Zealand, Mr Achurch has developed a comprehensive understanding of commercial accounting and audit functions, as well as possessing a strong technical knowledge of ASX reporting requirements, International Financial Reporting Standards (having worked in the USA) and Australian Accounting Standards.

Gareth Widger

Joint Company Secretary and Corporate Affairs Manager

Gareth has more than 30 years’ experience managing corporate administration and strategic communication activities for public and private companies.

He has held senior roles within the agriculture, industrial chemical, mining, civil engineering, retail and wholesale sectors incorporating a diverse range of corporate support, investor relations, stakeholder engagement, marketing and media liaison responsibilities.

Phil Nixon

Marketing Manager

Working as part of the small Kalium Lakes team, Phil brings more than 30 years’ experience in international trade, working predominantly in Middle Eastern and Asian markets, to this role.

He has considerable experience in agribusiness and fertiliser supply chain management, as well as detailed knowledge of business practices in the Middle East, Asia, North America and various other international markets. His experience in the Australian and global fertiliser sectors is highly relevant to our marketing & distribution strategies – both national and export.

Phil has held various Board and industry body roles in international trade and agribusiness during his career.