Total funding of approximately AUS$1.2 billion is required to develop the sulfate of potash (SOP) project to a capacity of 5.35 million tpy of salt and 140 000 tpy of SOP.
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The study will assess whether industrial-scale manufacturing of green ammonia at the Gibson Island fertilizer manufacturing facility in Queensland, Australia, is technically and commercially feasible on an existing brownfield site.
The first drillhole, OHM-02, is planned in 4Q21 to a depth of 665 m which is expected to fully penetrate the known potash horizon in the area.
Speaking during his weekly live broadcast on social media, Brazilian President Jair Bolsonaro did not provide many details on the project but said it would be presented next month.
The study has indicated the project is capable of achieving a nameplate production target of 245 000 tpy of sulfate of potash over an initial Life-of-Mine of 21 years.