Salt Lake Potash Limited announced that it has awarded EPC and EPCM contracts to GR Engineering Services Ltd. (GRES) for construction of the Process Plant and Non-Process Infrastructure (NPI) at its Lake Way Project. These contracts combined represent more than 40% of the total project capital requirement. Highlights: The Engineering, Procurement and Construction (EPC) contract involves the provision of plant, labour, materials and construction services for the process plant and NPI valued at A$85 million. The Engineering, Procurement and Construction Management (EPCM) contract involves the provision of services for the engineering, procurement and construction management for areas of the process plant and NPI, valued at A$22million;Terms and risk allocation within the contracts have been approved by the Company's debt partner; Following substantial progress in detailed engineering and vendor procurement, the Project capital budget has increased marginally from A$254million to A$264million, including an unallocated A$18m contingency; Bulk earthworks for the site is now complete, while major vendor procurement is 77% complete and offsite fabrication acitivites are substantially progressed; Construction of the permanent 100-person village was completed in April, with an additional 160 rooms also now complete in preparation for construction ramp up; and The EPCM and EPC contracts are conditional on financial close and GRES continue to advance project delivery under the existing early services arrangement.