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Australian Potash signs offtake agreement with Redox

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World Fertilizer,

Australian Potash Ltd. has signed a binding term sheet with Redox Pty Ltd for the supply of 20 000 tpy of K-BriteTM sulfate of potash (SOP) over 10 years from the Lake Wells sulfate of potash project (LSOP).

Managing Director and CEO, Matt Shackleton, commented: “We are pleased to announce the first binding term sheet for offtake supply, covering sales and distribution rights to K-Brite in Australia and New Zealand.

Our new partnership with long-established Australian company Redox, who from its Sydney base has built broad trade relationships and an extensive global distribution network, delivers APC’s first step in the larger offtake programme. Ultimately APC will have a large proportion of the planned 150 000 tpy output from the LSOP under offtake agreements, and we look forward to updating shareholders on our progress in the near future.

The emerging Australian SOP sector is gaining credibility on the international stage, and it is pleasing to see APC’s rigorous approach to both the technical and commercial aspects of its solar salt SOP project being recognised.”

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