Salt Lake Potash Limited announced results of chemical analysis on a bulk sample from its Kainite harvest ponds at the Lake Way Project, showing above the modelled average Potassium grades. In March 2020 the Company harvested a bulk sample (277kg) of Harvest Salts from a single point location in Kainite Pond 1, Cell C4 (Figure 2) in the 125ha Stage 1 pond network. Brine feed to the Stage 1 ponds is from both the on-lake trenches and the Williamson Pit. Following collection, the Harvest Salts were de-brined and homogenised. A representative 0.25kg sample was sent to the Bureau Veritas laboratory in Perth for chemical analysis. The chemical composition of the sample is outlined in Table 1 and aligns with SO4's evaporation model, based on a series of comprehensive evaporation trials undertaken in 2018 and early 2019. The potassium grade of 7.5% is within the range of expected outcomes and is above the average BFS feed grade of 6.8%. Readings for all other elements were within the range of expected outcomes. XRD results are pending. Having confirmed that the chemical composition of the bulk sample aligns with SO4's modelling and the grades are within the expected ranges, the remainder of the bulk sample of Harvest Salts is now being shipped to SRC in Canada for confirmatory testwork to produce premium high grade SOP to generate further samples to provide to offtakers. The Stage 1 pond network commenced commissioning in May 2019 and has been in operation for 12 months, with the continuous inflow of brine into the Halite Pond. Brine evaporates and increases in concentration as it flows through the pond cells. Halite salts form in the early cells prior to the higher concentrate brine being pumped into the Kainite harvest pond cells for the precipitation of the potassium rich harvest salts. At the end of April 2020, 2.7GL of brine has been pumped into the Stage 1 pond network.