Kalium Lakes Limited (KLL) announces the achievement of several significant milestones together with the continuation of all construction works for the Beyondie SOP Project (BSOPP) on budget and on schedule, as it continues planned progress towards the target of first SOP production in September 2021.

CEO, Rudolph van Niekerk, said: 'Every key milestone achieved de-risks the Project for completion on budget and on schedule.

'Methodically and deliberately we are working our way through this project's construction phase, making sure everything is aligned for successful commissioning and commencement of production in the third quarter of the 2021 calendar year,' he said.

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.

Forward looking statements

Certain information in this document refers to the intentions of Kalium Lakes, but these are not intended to be forecasts, forward looking statements or statements about the future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of the events in the future are subject to risk, uncertainties and other actions that may cause Kalium Lakes' actual results, performance or achievements to differ from those referred to in this document. Accordingly, Kalium Lakes and its affiliates and their directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of these events referred to in the document will actually occur as contemplated. Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, performance, dividends, returns, revenue, exchange rates, potential growth of Kalium Lakes, industry growth or other projections and any estimated company earnings are or may be forward looking statements. Forward-looking statements can generally be identified by the use of words such as 'project', 'foresee', 'plan', 'expect', 'aim', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'should', 'will' or similar expressions. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Kalium Lakes. Actual results, performance, actions and developments of Kalium Lakes may differ materially from those expressed or implied by the forward-looking statements in this document. Such forward-looking statements speak only as of the date of this document.

There can be no assurance that actual outcomes will not differ materially from these statements. To the maximum extent permitted by law, Kalium Lakes and any of its affiliates and their directors, officers, employees, agents, associates and advisers: disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumption; do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

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