Australian Potash Limited has signed a longform binding agreement with Tier 1 partner Helm AG (HELM) for the supply of 30,000 tonnes per annum of premium K-Brite sulfate of potash (SOP) from the Lake Wells SOP project (LSOP).

 

The fourth deal now brings the company’s total committed offtake to a remarkable 130,000 tpa of the project’s 150,000 tonnes of sulphate of potash, expected to be produced annually from the West Australian mine. 

 

HELM is one of the world’s largest chemicals marketing companies and Australian Potash’s agreement provides it with exclusive sales and distribution rights throughout Europe.

 

Managing Director and CEO, Matt Shackleton, commented: “This agreement with Tier 1 international chemicals and fertiliser distributor HELM AG is a defining moment for Australian Potash and the K-Brite brand. Our Lake Wells product will be distributed into the lucrative and expanding European fertiliser market through HELM’s dominant brand and market leading position.

 

This pricing platform incentivises Helm to maximise K-Brite’s sale price in the market.

 

“HELM’s clear strategic direction is to expand their value in brand across the world’s major fertiliser markets, and the marketing and distributorship of SOP forms an integral piece in their offering. It is

enormously gratifying that APC’s K-Brite brand will be central to that program on the European continent.

 

“The APC team are progressing rapidly along the Approvals Pathway, with firm dates now agreed with the EPA, and the Financing Program, with parties, including NAIF, moving into due diligence. To that point, and notably, more than 85% of the DFS projected output is now under contracted sale. “This quarter will be a very active period for the company and the we look forward to providing updates presently on the development of the Lake Wells SOP project.”