Why Invest


We are 100% confident about our Lake Wells Sulphate of Potash Project (LSOP) and the recently estimated 18.1 Mt SOP Measured Resource. A definitive feasibility study (DFS) over the project indicates a substantial net present value, very robust, and an excellent healthy margin on the product. The financial metrics behind a solar salt project underpinned by the macro-economics behind SOP is compelling.

Our SOP brine comes from ancient palaeochannels rich in minerals, and we believe the resource will last up to 50 years. That is because our old river is up to 4kms wide and 175 metres deep. So far, we've only measured a 55km length of that 110kms palaeochannel.

Some other SOP projects using salt-lake systems talk about the grade of brine. Despite having similar classes, we don't publicise these numbers because we believe it is misleading, as it is irrelevant from a cost perspective. The grade helps you determine the amount of water, but with solar evaporation, by the time the water is gone, and the salts go to the processing plant, it is all around the same grades.

Logistics and Power

Overall, the logistics are simplified because of LSOP’s proximity to existing infrastructure and a direct connection to ports. SOP is a bulk product, and it needs cost-effective transportation.

In terms of power, LSOP will truck in liquified natural gas (LNG), while continuing to assess opportunities for hybrid wind and solar power supply, taking advantage of the cost-effectiveness of our natural resources.

Supply and Demand Market Story

We're excited about our Project because the fundamentals are so strong. Technically it is compelling.

The supply and demand story of SOP is excellent for us as a producer. SOP is a supply-constrained commodity, meaning there is more demand than supply, and there aren't enough good deposits in the world to meet that demand.

Globally, the 30-year outlook is that SOP demand will increase at a rate averaging 4-6% growth per year. SOP is a good, substantial, long term investment with prices seeing a steady upward trajectory.

SOP is the premier potash investment. All of the world's SOP projects are selling 100% of their output while in MOP, 20% of capacity is sitting idle.

While several projects worldwide are lined up to produce more SOP it will still not meet worldwide demand. The demand story is high, and there's a significant upside in terms of supply. Meanwhile, our cost of production is low because of the solar salt method.