Aankondiging • May 09
Kalium Lakes Limited, Annual General Meeting, Jun 06, 2024 Kalium Lakes Limited, Annual General Meeting, Jun 06, 2024, at 11:00 E. Australia Standard Time. Location: Nicols and Brien Chartered Accountants, Level 2, 350 Kent Street, Sydney, New South Wales, Australia New South Wales Australia Agenda: To consider the Consolidation of Existing Shares and Options; to consider the allotment and Issue of Shares to ST Holding 1 Pty Ltd; to consider the allotment and Issue of Shares to The Kalium Lakes Creditors Trust; to consider the appointment of Mr Richard Campbell Brien as a Director; to consider the appointment of Mr George Terpens as a Director; to consider the appointment of Mr Gregory Barry Starr as a Director. Aankondiging • Sep 12
Kalium Lakes Announces Resignation of Loren Anne King as Company Secretary, Effective 31 August 2023 Kalium Lakes announces that Loren Anne King resigned her position as Company Secretary, effective 31 August 2023. Aankondiging • Aug 05
Kalium Lakes Limited Announces Board Resignations Kalium Lakes Limited announced that Hon Cheryl Edwardes AM resigned from her position as Chairperson and Non-Executive Director of the company effective 3 August 2023. Ms Edwardes continues as Non-Executive Director of Carnegie Potash Pty Ltd. and Magnesium Lakes Pty Ltd. Brent Smoothy resigned from his position as Non-Executive Director of the company effective 3 August 2023. Simon Wandke resigned from his position as Non-Executive Director of the company effective 3 August 2023. Robert Adam resigned from his position as Non-Executive Director of the company effective 4 August 2023. Salvatore Lancuba resigned from his position as Non-Executive Director of the company effective 4 August 2023. Aankondiging • Jun 05
Kalium Lakes Limited Announces Resignation of Mark Sawyer as Non-Executive Director Kalium Lakes Limited advised that Mr. Mark Sawyer has resigned as Non-Executive Director, effective 3 June 2023. The Board thanks Mr. Sawyer for his contribution to the Company as a Director over the last 3 years. Aankondiging • Nov 30
Kalium Lakes Limited Announces Appointment of Loren King as Company Secretary Kalium Lakes Limited advised of the appointment of Ms. Loren King to the role of Company Secretary of Kalium Lakes and each of its subsidiary companies, effective immediately. Ms. King is an experienced company secretary with over 12 years' experience in company secretarial and non-executive director roles, which has included assisting ASX listed companies across a range of sectors with company listings, corporate affairs, governance, ASIC and ASX regulatory requirements.Ms. King has a Bachelor of Science in Psychology from Curtin University of Technology, a Graduate Diploma of Applied Corporate Governance with Chartered Secretaries Australia and is a BIA Accredited Bookkeeper and a member of the Institute of Certified Bookkeepers, holding a Certificate IV Financial Services(Bookkeeping). The Company further advises that Ms. Sophie Raven has ceased as Company Secretary, effective immediately. The Board thanks Ms. Raven for her contribution to the Company and wishes her well with her future endeavours. Mr. Jason Shaw remains in his role as joint Company Secretary. Aankondiging • Nov 25
Kalium Lakes Limited Appoints Cheryl Edwardes AM as Director Kalium Lakes Limited announced the appointment of Cheryl Edwardes AM as director. Date of appointment is 25 November 2022. Breakeven Date Change • Nov 16
No longer forecast to breakeven The 2 analysts covering Kalium Lakes no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$12.8m in 2024. New consensus forecast suggests the company will make a loss of AU$6.90m in 2024. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive Chairman Stephen Dennis is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Nov 11
No longer forecast to breakeven The 2 analysts covering Kalium Lakes no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$12.8m in 2024. New consensus forecast suggests the company will make a loss of AU$6.90m in 2024. Major Estimate Revision • Nov 08
Consensus revenue estimates fall by 13% The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from AU$50.5m to AU$43.7m. Forecast losses increased from -AU$0.01 to -AU$0.02 per share. Chemicals industry in Australia expected to see average net income growth of 20% next year. Consensus price target down from AU$0.07 to AU$0.06. Share price was steady at AU$0.037 over the past week. Aankondiging • Nov 05
Kalium Lakes Limited Announces Board Changes Kalium Lakes Limited advised the appointment of Hon.Cheryl Edwardes AM to the role of independent non-executive director and Chairperson of the Kalium Lakes Board. This appointment is effective as at 25 November 2022, at which time incumbent Chairman, Mr. Stephen Dennis, will also be retiring from the Board. Ms Edwardes is a highly credentialled and experienced company director and Chairperson. A solicitor by profession and a former Minister in the Court Government of Western Australia, she has extensive experience and knowledge of WA's legal and regulatory framework relating to mining projects, environmental, native title, heritage, and land access. During her political career, Ms Edwardes held positions that included WA Attorney General, Minister for the Environment, and Minister for Labour Relations. She currently serves as the Non-Executive Chairperson of Flinders Mines Limited, Nuheara Limited, and Westgold Resources Limited. The appointment of Ms Edwardes follows the recent appointment of two further new independent non- executive directors, Mr. Robert (Bob) Adam and Mr. Simon Wandke, to the Kalium Lakes Board. These appointments reflect a concerted focus on Board renewal at Kalium Lakes over recent months. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive Chairman Stephen Dennis is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Oct 31
Kalium Lakes Limited Provides Progress Update on the Commissioning of the SOP Purification Plant At Its Beyondie SOP Mine Kalium Lakes Limited provided a progress update on the commissioning of the SOP purification plant at its Beyondie SOP Mine (Beyondie). Design grade KTMS was fed to the SOP purification plant from early to late October during which 10,520 tonnes at an average 8.6% K material was processed. Month-to-date plant performance (to 29 October 2022) is: KTMS feed throughput of 19,566 tonnes; and SOP production of 502 tonnes. Key positives during the design grade feed period in October 2022 include: stable plant operation was achieved, supporting sample data collection and refinement of higher KTMS feed grade operating parameters; significant reductions in recirculating loads within the schoenite circuit; and SOP produced continues to meet or exceed target K grade specifications. The table below details a comparison of the KTMS feed rate and schoenite production during the design grade feed period in October 2022 compared to the previous best operating period in July 2022. Throughout the design grade feed period, Kalium Lakes' focus was on improving stability of the overall plant operation and the operation of the flotation circuit and, during this period, below-par flotation and solid /liquid separation were identified as limiting factors for the plant's operation, contrasting with laboratory test work to date which has generated significantly better results. As a result of the limited flotation performance, the downstream operation of the SOP circuit was constrained and further refinement of the SOP circuit at higher schoenite throughputs is required to ensure the increased schoenite is converted to final SOP product at higher efficiencies than experienced at lower feed grades. Having regard to the flotation and solid /liquid separation issues, the Company is progressing a plant performance improvement plan. Kalium Lakes will provide an update to shareholders (via further ASX announcements) on the potential impact on its previously advised timetable for production ramp up once the plant performance improvement plan has been finalised and implemented. Kalium Lakes continues to be supported, both on site and remotely, by EBTEC through its leading SOP production technical expertise. The systematic commissioning of SOP purification plant operations has been jointly planned by the Kalium Lakes and EBTEC teams, in conjunction with international experts with both SOP processing operations experience and flotation experience. All parties are focussed on developing a comprehensive plant performance improvement plan targeting systematic and progressive resolution of key issues and improvement of overall plant operation. The performance issues within the flotation circuit during the processing of design grade material are being investigated, with slurry conditioning, froth loading and froth mobility being targeted in a systematic manner. A froth mobility trial encompassing the installation of a radial launder in flotation cell 1 (as shown in the photos below) is underway and preliminary results are positive. Further initiatives currently include: pursuing alternate means to increase the reagent dosage to identify whether above-design reagent addition similarly influences recovery as has been evidenced in laboratory testing; testing of flotation agent batches to check for possible aging effects and considering alternative reagents; and targeting increases in slurry conditioning prior to flotation through increasing the energy in the conditioning tanks. Aankondiging • Oct 13
Kalium Lakes Limited Appoints of Independent, Non-Executive Directors Kalium Lakes Limited announced the appointment of Robert (Bob) Adam and Simon Wandke as independent, non-executive directors of the Company. The Company's board of directors has appointed Mr. Adam and Mr. Wandke effective as of and from 12 October 2022, with both directors to stand for election at the Company's upcoming Annual General Meeting to be held on 24 November 2022. Mr. Adam is a senior executive with 40 years of experience in the resources industry, with a proven record of achievement in project development, management and operational improvement. He has worked extensively in West Africa with a demonstrable record of success in multi-cultural and multi-lingual environments. Previous roles include 11 years leading an independent bauxite development company operating in Guinea, Managing Director of an international mining consultancy, and a senior management role with BHP Nickel West. Mr. Adam has been involved in project developments in Guinea, Ghana, Mali, Zambia, Tanzania, Mauritania and Zimbabwe, principally in gold but also copper and iron ore, and is an independent non-executive director of Indiana Resources Limited. Mr. Adam is a member of the Australian Institute of Company Directors and the Australasian Institute of Mining and Metallurgy. He also holds a Bachelor of Science (Honours). Mr. Wandke has been leading multi-country strategy, commercial development and implementation for global mining and mineral assets for over 40 years. An accomplished C-suite leader and current Non- Executive Director (Australia) and Advisory Board member (USA), he has focused his expertise in the resource sector on maximizing value. He started his mining career in BHP in 1981. He was most recently CEO of ArcelorMittal Mining and has held senior executive roles at Ferrexpo, Destra and BHP with experience leading international teams in Australia, Indonesia, Hong Kong, Switzerland, United Kingdom, Canada and the USA. Mr. Wandke is a graduate of the Australian Institute of Company Directors with a diploma in Company Directorship. He also holds a post graduate diploma in Corporate Finance from Swinburne University as well as a B.A. majoring in Psychology and Marketing (Commerce) from the University of Melbourne. Aankondiging • Oct 07
Kalium Lakes Limited has completed a Follow-on Equity Offering in the amount of AUD 22 million. Kalium Lakes Limited has completed a Follow-on Equity Offering in the amount of AUD 22 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 177,256,832
Price\Range: AUD 0.04
Discount Per Security: AUD 0.002
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 372,743,168
Price\Range: AUD 0.04
Discount Per Security: AUD 0.002
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 04
Kalium Lakes Limited, Annual General Meeting, Nov 24, 2022 Kalium Lakes Limited, Annual General Meeting, Nov 24, 2022. Aankondiging • Sep 02
Kalium Lakes Limited, Annual General Meeting, Oct 03, 2022 Kalium Lakes Limited, Annual General Meeting, Oct 03, 2022, at 15:00 AUS Central Standard Time. Breakeven Date Change • Aug 19
No longer forecast to breakeven The 2 analysts covering Kalium Lakes no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$15.1m in 2024. New consensus forecast suggests the company will make a loss of AU$6.90m in 2024. Aankondiging • Jul 01
Kalium Lakes Limited Provides Operational and Corporate Activities Update At the Beyondie Sop Project Kalium Lakes Limited (Kalium Lakes or the Company) provides an update with respect to its corporate activities and operational status at the Beyondie SOP Project (Beyondie or BSOPP). Following validation of the purification plant process design, the equipment testing programme has continued as planned over the past month, with a cumulative total of 1,000 tonnes of commercially saleable SOP produced up to 29 June 2022. The availability of sufficient KTMS (kainite-type mixed salts) to feed the plant remains the key production constraint. However, with the improved pond operating procedures, expectations are that sufficient KTMS will be available by end of August to commence the ramp up in production. Until then Kalium Lakes plans to produce SOP at lower rates, with the current focus being continuous production and building expertise in operating the plant. Further optimisation and rectification works during the planned shutdown in August will include a focus on the flotation circuit. Additional works, including further pump upgrades and the installation of a heat exchanger to allow improved operation during hot summer weather do not require a shutdown and will take place after August. Production is planned to recommence in September, with progressive SOP output ramp-up through to nameplate performance tests planned at the end of fourth quarter of calendar year 2022. As previously outlined, the BSOPP is expected to be operating at an approximate 80 Ktpa SOP production run rate by first quarter of calendar year 2023, with the targeted 120 Ktpa run rate established by third quarter of calendar year 2024. First commercial sales are being scheduled for mid-July delivery with offtake partner, K+S. Pond Operations - During the quarter to date, 20,100 tonnes of KTMS and 83,100 tonnes of waste salt was harvested. As a result of late season rain events in May and June, brine movement between the evaporation ponds has been halted due to the dilution effects of the rain on brine chemistry. This has resulted in delays in salt precipitation of 5-6 weeks due to the time required to evaporate the excess fresh water from the ponds and return the brine chemistry to target levels. Price Target Changed • Jun 23
Price target decreased to AU$0.08 Down from AU$0.095, the current price target is an average from 2 analysts. New target price is 19% above last closing price of AU$0.067. Stock is down 74% over the past year. The company is forecast to post a net loss per share of AU$0.016 next year compared to a net loss per share of AU$0.00074 last year. Breakeven Date Change • Jun 22
No longer forecast to breakeven The 2 analysts covering Kalium Lakes no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$10.6m in 2024. New consensus forecast suggests the company will make a loss of AU$6.90m in 2024. Major Estimate Revision • May 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -AU$0.01 to -AU$0.02 per share. Revenue forecast of AU$1.2k unchanged since last update. Chemicals industry in Australia expected to see average net income decline 2.0% next year. Consensus price target up from AU$0.083 to AU$0.095. Share price fell 6.4% to AU$0.088 over the past week. Price Target Changed • Apr 27
Price target decreased to AU$0.083 Down from AU$0.17, the current price target is an average from 2 analysts. New target price is 6.2% below last closing price of AU$0.088. Stock is down 56% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.00074 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Sam Lancuba was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 13
Kalium Lakes Limited Announces Company Secretary Changes Kalium Lakes Limited announced that Ms. Sophie Raven has been appointed as Company Secretary of the company and each of its subsidiary companies with effect from 14 April 2022. Ms. Raven is a lawyer and governance professional who has extensive experience in corporate governance and legal roles, both in Australia and internationally. During her career, Sophie has worked in legal and company secretary roles for a variety of ASX listed and large private companies operating across Australia, Africa, the USA, and Europe, in the mining, mining services, technology and manufacturing sectors. Mr. Gareth Widger has resigned from the position of Company Secretary. The Board thanked Mr. Widger for his valuable contribution during the development of the Company and wished him well with his new endeavours. Breakeven Date Change • Mar 03
Forecast breakeven date pushed back to 2024 The 2 analysts covering Kalium Lakes previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$10.6m in 2024. Average annual earnings growth of 47% is required to achieve expected profit on schedule. Major Estimate Revision • Mar 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -AU$0.02 to -AU$0.02 per share. Revenue forecast unchanged from AU$13.6m at last update. Chemicals industry in Australia expected to see average net income growth of 33% next year. Consensus price target down from AU$0.17 to AU$0.14. Share price fell 35% to AU$0.071 over the past week. Aankondiging • Mar 02
Kalium Lakes Limited Provides Operational and Corporate Activities Update At the Beyondie SOP Project Kalium Lakes Limited provided an update with respect to its operational status at the Beyondie SOP Project and broader corporate activities. Borefield & Trenching Operations and Brine Production: As previously announced aggregate brine flow rate from the borefield and trenching operations to the pre-concentration ponds has now been restored to near the 90Ktpa SOP target level. Aggregate brine supply also continues to deliver potassium grades above design targets. The 120Ktpa expansion drilling program has commenced with twenty-five new production bores planned to be progressively brought online by November this year. The drilling program is scheduled for completion by August, with 9 out of 27 exploration holes and 4 out 25 new production bores completed to date. Pond Operations and KTMS Production: Blockages of the Sunshine transfer pipeline (from the Sunshine preconcentration pond to the primary evaporation ponds) have been substantially cleared and flow rates restored to 83% of design capacity. This is sufficient to meet brine transfer requirements for March and April as evaporation rates start to decline. Works have commenced on procurement and preparation for installation of the second transfer pipeline. Installation is set to commence in early March and scheduled to be completed during April. This is expected to provide ample brine transfer capacity to bring all primary evaporation ponds back online and progress brine supply for the eventual 120Ktpa SOP production target. Brine filling of a third primary evaporation train commenced during February, with all five primary evaporation trains forecast to be back in production by the end of May. Pre-concentration ponds are still being operated at approximately 50% capacity and will continue to do so until all primary evaporation ponds are back in production. As previously announced, it has been confirmed that a consistently higher-grade KTMS supply (`start-up grade'), higher than for normal operations, is required during commissioning. This higher salt feed grade is required to enable the schoenite conversion, flotation, cooling crystallisation, centrifuges and fluid bed dryer to be commissioned at nameplate capacity. Diligence is being exercised in ensuring that a sufficient quantity of the required start-up grade KTMS is harvested before the SOP purification plant is re-started to complete commissioning and commence commercial SOP production. This diligence requires careful grade control sampling, selective KTMS harvesting practices and robust ROM stockpile management. While most harvested KTMS is expected to eventually be processed through the SOP purification plant during steady state operations, the level of selectivity required for start-up grade KTMS means that sufficient stocks of this particular specification are only expected to be accumulated by June, being predominantly generated from new KTMS produced specifically for this purpose during the next four months. Current processable KTMS inventories are estimated at approximately 131kt, of which 30kt at between 8-9% K (`medium grade') is harvested and stockpiled on the ROM pad, with the balance being in the evaporation ponds and scheduled for harvesting during the next four months. An additional 44kt of lower grade KTMS is stockpiled on the ROM pad which may be used for future blending during steady state operations. Kalium Lakes continues to work with international potash industry experts to strengthen operating capability and increase understanding of pond chemistry dynamics and harvesting techniques. Forecast long term harvested potassium salt output is not expected to be affected. Purification Plant and SOP Production: The SOP purification plant is expected to remain idled as the BSOPP establishes a sufficient inventory of start-up grade and processable KTMS before recommencing feed to the plant by June, with commercial SOP sales expected to commence in July 2022. Equipment rectification and optimisation works on the SOP purification plant is 77% complete. These works include rectification of manufacturer defects, as well as changes to key process equipment to improve efficiencies or operability based on lessons learned from initial commissioning efforts. These works are expected to be completed during March, followed by controlled test runs to verify effectiveness and allow further upgrades, if necessary, prior to the planned plant re-start in June. Some risk remains that equipment performance testing cannot be completed until targeted commercial scale SOP production commences. While the delay in commencement of SOP production and associated sales is disappointing, it is important to note that overall SOP production for CY2022 calendar year is already limited by available KTMS inventory. This means that any acceleration to the plant start-up date would be expected to offer little benefit to total SOP production and sales for CY2022. Deferring plant start-up until June also brings significant logistical and other risk mitigation benefits in terms of critical commissioning works associated with the plant re-start, which will now take place after the anticipated late March peak of Omicron wave disruptions in Western Australia, providing greater certainty in being able to mobilise international equipment specialists and EBTEC GbR personnel to site. Kalium Lakes continues to be supported, both on site and remotely, by EBTEC through its leading SOP production technical expertise. The systematic recommencement of SOP purification plant operations as part of the commissioning process is being jointly planned by the Kalium Lakes and EBTEC teams, in conjunction with international experts with SOP processing operations experience. Full nameplate operation of the plant is expected to be facilitated technically by EBTEC in accordance with the performance guarantees it has provided. Commissioning of the compaction plant is expected to follow immediately after successful commissioning of the SOP purification plant. Breakeven Date Change • Feb 07
Forecast breakeven date pushed back to 2024 The 2 analysts covering Kalium Lakes previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$19.1m in 2024. Average annual earnings growth of 39% is required to achieve expected profit on schedule. Major Estimate Revision • Feb 02
Consensus revenue estimates increase by 34% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from AU$20.2m to AU$27.1m. Forecast losses expected to reduce from -AU$0.03 to -AU$0.02 per share. Chemicals industry in Australia expected to see average net income growth of 34% next year. Consensus price target down from AU$0.23 to AU$0.17. Share price fell 8.7% to AU$0.10 over the past week. Aankondiging • Jan 25
Kalium Lakes Limited Provides an Update to Its Operational Activities At the Beyondie SOP Project Kalium Lakes Limited provided an update with respect to its operational activities at the Beyondie SOP Project (Beyondie or BSOPP). Borefield & Trenching Operations and Brine Production: Recent actions taken to optimise brine production levels have delivered significant positive impacts. De-silting works at 10 Mile and Sunshine are progressing well, with flow rates from trenches at 10 Mile now restored to design targets. Work at Sunshine continues with flow rates improving and target levels expected to be fully restored during the current quarter. A third amphibious excavator has also been added to the trench fleet and additional routine trench maintenance programs implemented. Bore pump station availability at both 10 Mile and Sunshine is improving through upgrading monitoring and maintenance programs, including the introduction of a telemetry system to improve response times to pumping system breakdowns. As a result of these combined measures, the aggregate brine flow rate from the borefield and trenching operations to the pre-concentration ponds has now been restored to near the 90Ktpa SOP target level. In addition, the 120Ktpa expansion drilling program has commenced and twenty-five new production bores are planned to be progressively brought online during the next 12 months. There are currently twenty bores at 10 Mile and Sunshine. Aggregate brine supply continues to deliver potassium grades above design targets, partially offsetting some of the impact from previous lower flow rates. Purification Plant and SOP Production: Following the commissioning challenges faced due to initial variability in potassium salt feed grades, further review and consultation has confirmed that a consistently higher-grade potassium salt feed supply (higher than for normal operations) is required during commissioning. This improved salt feed is expected to enable the schoenite conversion, flotation, cooling crystallisation, centrifuges and fluid bed dryer to be commissioned at nameplate capacity. The requirement for individual sections in the SOP purification plant to be commissioned on a staged basis over an extended timeframe led to there being insufficient residual higher grade potassium salt feed available on the ROM stockpile to successfully complete commissioning and achieve continuous operation of the plant. The rectification works identified as being beneficial to successful commissioning of the SOP purification plant are underway, with the plant being idled while this work is undertaken and pending harvest of further high-grade potassium salts. The plant rectification works are scheduled to be completed during March. Kalium Lakes continues to be supported, both on site and remotely by its German partners, EBTEC Gbr, through its leading SOP production technical expertise. It should be noted that the ability of EBTEC to facilitate the arrival of additional specialist personnel to the Beyondie site does remain constrained by ongoing Western Australian border restrictions. The systematic recommencement of SOP purification plant operations as part of the commissioning process is being jointly planned by the Kalium Lakes and EBTEC teams in conjunction with international experts with SOP processing operations experience. Full nameplate operation of the plant is expected to be achieved in accordance with the performance guarantees provided by EBTEC. Updated Ramp-Up and Production Schedule: Following completion of the rectification works and harvesting of sufficient high grade potassium salt supply, Kalium Lakes plans to continue with commissioning of the SOP purification plant. Commissioning of the compaction plant is expected to follow immediately after successful commissioning of the purification plant. As previously announced, the current overall commissioning and ramp-up position of the BSOPP is expected to have an impact on the targeted timeframes for achieving nameplate production rates. The Company expects to provide a revised Beyondie ramp-up schedule and production profile following completion of the current comprehensive review process, scheduled for late February 2022. Forecast long term SOP output levels are not expected to be impacted. Price Target Changed • Dec 28
Price target decreased to AU$0.23 Down from AU$0.34, the current price target is an average from 2 analysts. New target price is 88% above last closing price of AU$0.12. Stock is down 41% over the past year. The company is forecast to post a net loss per share of AU$0.029 next year compared to a net loss per share of AU$0.00074 last year. Major Estimate Revision • Dec 25
Consensus revenue estimates fall by 30% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from AU$43.4m to AU$30.4m. Forecast losses increased from -AU$0.02 to -AU$0.03 per share. Chemicals industry in Australia expected to see average net income growth of 34% next year. Consensus price target down from AU$0.34 to AU$0.33. Share price fell 25% to AU$0.12 over the past week. Price Target Changed • Dec 23
Price target decreased to AU$0.33 Down from AU$0.36, the current price target is an average from 2 analysts. New target price is 160% above last closing price of AU$0.13. Stock is down 36% over the past year. The company is forecast to post a net loss per share of AU$0.019 next year compared to a net loss per share of AU$0.00074 last year. Price Target Changed • Oct 07
Price target increased to AU$0.34 Up from AU$0.29, the current price target is an average from 2 analysts. New target price is 46% above last closing price of AU$0.23. Stock is up 53% over the past year. Aankondiging • Sep 03
Kalium Lakes Limited Provides Update on Beyondie Sop Project Kalium Lakes Limited provided update on BEYONDIE SOP PROJECT. Operational readiness for the Beyondie SOP Project is ramping up as planned and includes: Commencement of production ramp-up remains on track for October 2021; Operations team in place with on-site training of plant operators continuing; 108,000 tonnes of "plant feed specification" potassium salts harvested and delivered to the ROM pad; Harvested ponds are immediately placed back into operation for next round of salt production; Pre-concentrator ponds filled to maximum capacity in preparation for high evaporation rate summer period. Management of brine supply from the bore fields and trenches is critical to the success of running an efficient pond evaporation and salt crystallisation process. The first step is to collect the brine from the various bore and trench pump stations in a central location. The Beyondie SOP Project (BSOPP) has two such locations, with one 28 hectare and one 32 hectare pre-concentrator pond for the Ten Mile and Sunshine resource areas respectively. The pre-concentrator ponds are designed to allow evaporation only up to the point before salt crystallisation occurs, reducing the brine volume and the transfer pumping requirement by 25% - 28%. From the pre-concentrator ponds, brine is then pumped to the primary ponds, where gravity allows it to flow from the highest elevation to the lowest elevation. Gravity flow rates between crystalliser ponds need to be managed carefully to ensure the correct types of salt are crystallising in the correct ponds. Sodium chloride (NaCl) is the first salt that forms and crystallises within the first three ponds in the evaporation "train" shown in the image above. By carefully managing the brine concentration, potassium salts in the form of "leonite" and "kainite type mixed salts (KTMS)" then form in the final three ponds of the train. Those ponds are harvested, with the salts transferred to the ROM pad to become feed stock from which the process plant then produces SOP. Brine flow is controlled by weir gates that are installed between ponds, allowing flows to be increased, decreased or stopped as required. Samples are taken regularly from various locations within the ponds and then analysed at the BSOPP's onsite laboratory, with results used to make flow rate adjustments where necessary. During the evaporation and crystallisation process, the thickness of the salt floor continues to grow until it reaches a point where it is ready for harvesting. When a pond is ready to be harvested, the brine from the pond is drained, before a combination of an automated harvester and double road train is used to efficiently collect and transfer the salts to the ROM pad. As a pond being harvested is not in production, Kalium Lakes uses a "multiple train" design, dividing the evaporation ponds into five separate trains, which allows smaller evaporation /crystallisation areas to be taken out of production for harvesting purposes. The arrows in the pond evaporation image on the previous page depict the direction of brine flow in one of the five trains. As soon as harvesting activity within a pond is complete, that pond is put back into operation to start growing
a new salt layer in preparation for the next harvest. On the ROM pad, the plant feed salt is classified into stockpiles based on the salt grade. The SOP purification plant is designed to treat a blend of salt grades, so ongoing stockpile management on the ROM pad is very important. The Kalium Lakes's operations team has all the equipment, systems and procedures in place to manage the stockpiles in terms of both quality and quantity. Aankondiging • Aug 26
Kalium Lakes Limited Provides Update on Beyondie SOP Project Kalium Lakes Limited provides update on Beyondie Sop Project. Key commissioning milestones include: Hydro and vacuum tests on cooling crystalliser successfully complete; Hydro testing through flotation successfully complete; Water commissioning of process loop circuits underway - fire, raw, gland, potable and process water headers successfully commissioned; The gas power station now operating continuously, with all switchrooms and transformers energised; Harvesting of potassium salts continues on schedule; Construction activities and parallel commissioning activities remain within the capital expenditure budget; and Several key equipment vendors attending site to support commissioning activities. SOP purification plant highlights include commencement of water commissioning of key vessels and process piping loop circuits, with successful completion of hydro testing on the cooling crystalliser and flotation circuits. Vacuum testing on the cooling crystalliser has also been successfully completed while insulation of the cooling crystalliser and conditioning vessels continues. The gas power station is now operating continuously, ensuring that sufficient power is available for all commissioning requirements moving forward. All high voltage equipment on site has been energised, substantially de-risking the Project. Instrumentation commissioning is progressing in the crushing, flotation and crystallisation areas, with trial running of the plant feed conveyor completed successfully. Aankondiging • Aug 20
Kalium Lakes Limited Announces Feasibility Study Complete for New Base Case Production Increase to 120Ktpa At Beyondie Sop Project Kalium Lakes Limited announced the Beyondie SOP Project (Project), which is nearing completion, will become one of Australia's first Sulphate of Potash (SOP) producers. During the past 14 months all major construction milestones have been met and commercial production of SOP is targeted for the end of September this year. In consultation with its advisors and lenders, Kalium Lakes Limited has identified a number of low capital expansion opportunities which will enable it to take advantage of a rising SOP price environment. The Company has determined that it is prudent to expand the production case to 120ktpa as the new base case and maximise the benefit gained by retaining key technical experts currently working on the Project. The demands of undertaking construction of the Company's first project during a global pandemic has proved challenging. In addition, while SOP prices are increasing, there are also macro-economic headwinds and operational pressures, including the strengthening of the Australian dollar and inflationary pressures increasing the forecast operating costs. The BSOPP has a very large Mineral Resource (combined Measured and Indicated Resources of 19.71Mt of SOP equivalent) and the intention has always been to explore its expansion potential, leverage economies of scale and increase Kalium Lakes' profitability potential. The Company announced the completion of its Feasibility Study for the Expansion to 120ktpa (120ktpa Feasibility Study) at its Beyondie SOP Project. The 120ktpa Feasibility Study (which is inclusive of the 90ktpa and 100ktpa production targets previously announced by Kalium Lakes) is based on expanding existing infrastructure where required (i.e. brine extraction and evaporation ponds), combined with a process plant debottlenecking and optimization using German SOP process design experts, Ebtec GbR. Highlights: Kalium Lakes announced on 24 March 2021 a "debottlenecking" review of the SOP purification plant revising steady state SOP production estimates upwards by 10ktpa to at least 100ktpa. Feasibility Study now complete for a production increase to 120ktpa as new base case (33% increase over the original 90ktpa production target). Key highlights include: Incremental capital expenditure of $45 million, lower capital cost intensity of AUD 1,513/t for the incremental 30ktpa production 120ktpa production achieved by October quarter 2022 Unlevered project pre-tax NPV (8%, nominal) of $484 million. Improved economies of scale from expansion to offset sector wide and macro- economic cost pressures (Kalium Lakes remains a global first quartile low-cost producer). K+S offtake agreement extended to cover increased production at 120ktpa level and improved payment terms for the first three years to reduce working capital needs. First SOP production and ramp-up remains targeted for September/October 2021. Commissioning risk regarded as low with: The support of experienced German engineer and manufacturer (Ebtec GbR); Start-up salts and brine equivalent to 113,000 tonnes of SOP already in production (as at end July 2021), including plant feed salts equivalent to 9,000 tonnes of SOP "harvested" and on the ROM pad ready for SOP production. Favourable timing with first production and start-up into a rising SOP price environment (2022 forecast average price for standard grade SOP (CFR Aust) up to USD 617/t based on forecasts provided to the Company by CRU/Argus in July 2021). Significant opportunity for further expansion beyond 120ktpa with further studies in progress. Price Target Changed • Aug 19
Price target decreased to AU$0.32 Down from AU$0.34, the current price target is an average from 2 analysts. New target price is 83% above last closing price of AU$0.17. Stock is up 25% over the past year. Aankondiging • Aug 06
Kalium Lakes Limited Provides Update on Beyondie Sop Project Kalium Lakes Limited provides update on Beyondie Sop Project. highlights include: More than 113,000 tonnes of contained SOP pumped as at end July 2021; 90,000 tonnes of potassium salts stockpiled on the ROM pad, equivalent to
approximately 9,000 tonnes of SOP production; Harvesting operations continue, without interruption or delay, from the abundant supply of potassium salts available within the crystalliser ponds; First production of SOP is still targeting late September 2021; The completion of construction activities and parallel commissioning activities remain within the capital expenditure budget. More than 90,000 tonnes of potassium salt, that meets the plant feed cut-off grade, has been harvested and delivered to the ROM stockpile. Harvesting operations and potassium salt stockpiling is ongoing, with several other ponds ready and available for harvest. The potassium salt, both harvested and ready for harvest, accounts for approximately the first six months of SOP production during the ramp-up period. The Company's pond design and operating methodology allows for a controlled transfer of brine from the lower grade sodium chloride ponds, down to the higher grade ponds where potassium salt is precipitated to meet plant feed specifications on an ongoing basis. This operating model enables control of the precipitation at a constant rate to minimise the variability of potassium content in plant feed salt. As a result, the operations target sustainable delivery of on- specification plant feed potassium salts. Kalium Lakes uses a mix of a spot and core sampling methodologies to verify the potassium content of salt in the ponds. Spot sampling involves multiple samples collected at the same points and core sampling involves multiple samples collected from three different points in a single pond. The flotation agent that will be used in the flotation circuit of the process (pictured above left) was carefully selected through extensive bench and pilot scale test-work during the feasibility studies with K-UTEC AG Salt Technologies and constitutes part of the performance guarantee provided under the EBTEC contract for standard grade SOP production. Aankondiging • Jun 01
Kalium Lakes Limited Successfully Completes Lining of the Final 42 Hectares of Recycle Ponds At the Beyondie Sulphate of Potash Project Kalium Lakes Limited has successfully completed lining of the final 42 hectares of recycle ponds at the Beyondie Sulphate of Potash Project. Approximately 400 hectares of off-lake evaporation ponds, built and lined adjacent to the process plant and Ten Mile Lake, currently hold more than 97,000 tonnes of contained
SOP pumped from the borefields and trenches. More than 2,400 rolls of HDPE liner were used to cover the laser levelled, tiered and graded area which, if
rolled out end to end, would be approximately 500km long or the same as the straight-line distance from Sydney to Canberra and back. Completing this work required more than 3,000 man-days of effort across multiple contractors. Harvested potassium salts stockpiles are starting to take shape on the ROM pad in preparation for commissioning and commencement of production. Potassium grades in feed salts have been tested and confirmed to meet, on average, pond model specifications. This is a great achievement as it is a critical measure for a successful start-up. Construction activities for production of standard grade SOP are entering the final fit-out phase and the granular SOP production facilities combined with the product storage shed construction continues to progress as planned. Executive Departure • Apr 25
Non-Executive Director has left the company On the 22nd of April, Dale Champion's tenure as Non-Executive Director ended after 1.0 years in the role. As of December 2020, Dale personally held 1.99m shares (AU$387k worth at the time). A total of 3 executives have left over the last 12 months. Aankondiging • Feb 24
Kalium Lakes Limited Appoints Antony Beckmand as Joint Company Secretary Kalium Lakes Limited appointed Antony Beckmand, as Joint Company Secretary of the Company. Mr. Beckmand joined Kalium Lakes in November 2020. He has more than 20 years' experience in the mining industry in Australia and overseas with a background in iron ore, mineral sands, base metals and gold. Aankondiging • Jan 29
Kalium Lakes Limited Provides Update on Development of its Beyondie Sulphate of Potash Project in Western Australia Kalium Lakes Limited reported that development of its 100% owned Beyondie Sulphate of Potash Project (BSOPP) in Western Australia, remains on budget and on schedule. All Primary Evaporation Ponds are now complete and in operation, with a number scheduled for harvesting in accordance with commissioning and production ramp-up planning. Construction and lining of Recycle Ponds continues in accordance with the schedule, which now only requires one lining contractor to complete the remainder of the work. Construction of all gas and power infrastructure are either complete or in the final stages of completion, with commissioning of these facilities to commence in February. This construction is well ahead of schedule, enabling power supply to the SOP Purification Plant when needed. Engineering and design work for the SOP Purification Plant has been completed and all key process equipment supplied by Ebtec has been delivered to site. With multiple areas open to construction access and weekly delivery of steel and platework, structural, mechanical and piping installation activities are now ramping up significantly. All concrete works are scheduled for completion in the first week of February. Is New 90 Day High Low • Jan 27
New 90-day high: AU$0.23 The company is up 27% from its price of AU$0.18 on 29 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.064 per share. Aankondiging • Dec 18
Kalium Lakes Limited Announces Beyondie Sop Project Update Kalium Lakes Limited (KLL) has announced that the overall Beyondie SOP Project (BSOPP) is now 75% complete, on budget and on schedule. All the primary evaporation ponds are complete and production of potassium salts for commissioning and production ramp-up is on target. The gas supply infrastructure is nearing completion with commissioning activities to commence in January and the power station has approximately 10% of work outstanding and will be ready to be commissioned as soon as the gas infrastructure goes live. With more than 95% of all Ebtec equipment delivered to site and the final Ebtec shipment of equipment for the SOP purification plant now in transit, there has been an increase in process plant construction activities. All of the primary evaporation ponds required for the commissioning of the SOP Purification Plant are now complete. The recycle ponds, which will receive brine from the SOP Purification Plant, are on track ahead of the plant and will be used to optimise production of potassium salts to increase production rates during start-up. The gas inlet station is ready for connection to the recently commissioned APA metering facility and is on schedule to be commissioned with the gas pipeline and the gas delivery station early next year. This will be followed by commissioning of the power station which is approaching the 90% completion milestone. Construction of the SOP purification plant is at 65% complete and continues on schedule, with concrete works nearing completion and installation rates of steel and mechanical works increasing. Is New 90 Day High Low • Nov 16
New 90-day high: AU$0.21 The company is up 43% from its price of AU$0.15 on 18 August 2020. The Australian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.058 per share. Aankondiging • Oct 14
Kalium Lakes Limited Appoints Sam Lancuba as Non-Executive Director Kalium Lakes Limited (KLL) announced that the Company has appointed Mr. Sam Lancuba as a non-executive director of the Company. Mr. Lancuba is a recognised expert in the global fertiliser industry, with extensive technical and market experience of fertiliser processing operations and products throughout the world. Having worked for 27 years at Incitec Pivot Limited he then moved to providing expert consulting services for industry clients in Australia, New Zealand, USA, South America, Europe, India and China. He currently advises fertiliser industry clients in a range of areas including plant design and maintenance, project management, project evaluation and marketing strategies for fertiliser products. Aankondiging • Sep 23
Kalium Lakes Limited Announces Beyondie Sop Project Update Kalium Lakes Limited announced the achievement of several significant milestones together with the continuation of all construction works for the Beyondie SOP Project on budget and on schedule, as it continues planned progress towards the target of first SOP production in September 2021. Progress on the gas pipeline continues to meet expectations and overall pipeline construction is now more than 70% complete. Installation of low-pressure gas piping has also commenced, which will supply gas from the high-pressure gas delivery station to the power station and other areas within the SOP plant. Construction for the SOP purification plant and power station is also in progress, with both DRA and Clarke Energy now fully mobilised to undertake the required construction activities. Delivery of key equipment for the SOP plant also remains on schedule with two shipments delivered to Fremantle, five ships in transit and four shipments due to depart before the end of October 2020. Aankondiging • Jun 16
Kalium Lakes Limited has completed a Follow-on Equity Offering in the amount of AUD 61 million. Kalium Lakes Limited has completed a Follow-on Equity Offering in the amount of AUD 61 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 406,666,667
Price\Range: AUD 0.15
Transaction Features: Rights Offering; Subsequent Direct Listing 
