Kalium Lakes Limited (Kalium Lakes) (ASX:KLL) today announced that the construction of the gas pipeline for the Beyondie Sulphate of Potash Project (BSOPP) is on budget and proceeding ahead of schedule.

Gas pipeline installation continues to ramp-up with grading, clearing and survey activities now complete for the full 79.4 kilometres, with trenching in place for the first 12 kilometres. All of the gas piping has now been delivered to site, of which 26 kilometres has been strung along the gas pipeline alignment and a total of 16 kilometres (or 20% of the overall length of the pipeline) welded. The welding and non-destructive testing of the pipeline commenced on 1 August 2020 and installation is on track to be completed with the remainder of the gas infrastructure facilities by December this year.

Chief Executive Officer, Rudolph van Niekerk, commented: 'Mobilisation and commencement of gas pipeline construction for the Project commenced as planned and the construction team is exceeding targets on a daily basis.

'This gas pipeline is a key asset for the Beyondie SOP Project and gas supply through our own gas lateral for power generation, steam creation and the drying process for the SOP product will be instrumental in achieving the competitive operating costs with production planned to commence next year,' he said.

Earthworks construction of Kalium Lakes' gas inlet station and APA's adjacent metering facility has also been completed and ready for these facilities to be installed and tied-in to the Goldfields Gas Pipeline (GGP) during the next three months.

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.

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