Salt Lake Potash adds energy services and financial expertise with new chief financial officer

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) (FRA:W1D) has added energy services and finance experience to its team with the appointment of Stuart Fraser as chief financial officer.

For the past 25 years, Fraser has spent his time living abroad in the US, France, Switzerland and Indonesia in senior finance roles, including 19 years at Schlumberger, a leading provider of technology and services to the energy industry.

Most recently he was chief accounting officer of Weatherford International, a leading wellbore and production energy solutions company with 17,000 employees and revenues of US$3.7 billion.

He also served as a non-executive officer of Weatherford and on the board of the Weatherford Foundation.

Fraser is set to assume all responsibilities from acting CFO Grant Coyle, who has accepted another role as managing director of a resources company.

“Significant asset”

Managing director and CEO Tony Swiericzuk said: “We are very pleased to welcome Stuart to SO4 and are confident his extensive experience in global energy services businesses will be a significant asset to the company.

“I would like to thank Grant for his contribution to the business and wish him well in his future endeavours.”

Lake Way Practical Completion certificate

The company’s process plant at the Lake Way SOP Project near Wiluna in Western Australia was recently issued with a Practical Completion certificate from GR Engineering Services.

The plant handover to the Salt Lake Potash operations team is now complete. 

Plant commissioning work continues, with the first sulphate of potash (SOP) product expected in the weeks ahead. 

Fine-tuning

Commissioning activities continued throughout June with all sub-systems that comprise the plant having been individually commissioned.

Fine-tuning of the flotation circuit is ongoing with the initial product expected in the weeks ahead.

Lake Way will be the first producing asset within the company’s project portfolio.

Once ramped up, the project will produce 245,000 tonnes per annum of premium SOP.

The Goldfields Highway passes less than 1 kilometre from the process plant and 5 kilometres from the lake while the Goldfields Gas Pipeline is adjacent to SO4′s tenements, running along the eastern side of the lake.

Story by ProactiveInvestors