Salt Lake Potash (SO4) has announced today that mining executive Tony Swiericzuk will be joining the company as their new Managing Director and Chief Executive Officer, effective November 5th. Swiericzuk joins SO4 after nearly a decade of mine engineering, project managing and business development at Fortescue Metals Group (FMG), helping the company become the world’s lowest cost ore producer.
Swiericzuk has been brought on in anticipation he will have the same effect on SO4’s prized Goldfields Salt Lakes Project (GSLP), quickly confirming the viability and potential scale of GSLP. The project, the first of its kind in Australia, explores lakes in the company’s portfolio to produce Sulphate of Potash (SOP) used for potassium-rich fertiliser which is preferable for high value, chloride intolerant crops.
Swiericzuk says he is excited and ready to take on this project having been “studying the emerging salt lake SOP sector for some time and the potential for a new large scale, environmentally friendly, primary resource industry is outstanding.”
SO4, if successful in this demonstration plant, is positioned to quickly distribute into China thanks to deal earlier this month with Sinofert Holdings Limited (Sinofert), China’s leading fertiliser distribution company.
After suspending trading in its shares on the Australian Securities Exchange (ASX) on Friday in preparation for this announcement, SO4’s return to the exchange today came with a vote of confidence-- an 11.54% uptick in share price, up 3p to 29p.
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