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Australian Potash appoints project director for Lake Wells Sulphate of Potash Project

With the company well-funded following a successful rights issue, this is a timely appointment of a dedicated executive skill set overseeing construction, contract negotiation and project execution.

Australian Potash Ltd - Australian Potash appoints Rhett Brans to project director role
Brans will work closely with continuing project manager Stewart McCallion

Australian Potash Ltd (ASX:APC) has appointed Rhett Brans to the role of project director at the Lake Wells Sulphate of Potash (SOP) Project in Western Australia.

Bran’s experience spans four decades across several continents including engineering and design management, construction and commissioning on more than 40 mineral processing facilities.

He has been a non-executive director of APC since May 2017 and is familiar with the Lake Wells project.

Brans will work closely with continuing project manager Stewart McCallion, building on the methodical and comprehensive project work done to date.

“Wealth of experience”

Managing director and CEO Matt Shackleton said: “The recent support of our shareholders now allows us to supply more horsepower to the team as we close out the FEED program and begin pre-construction activities.

“Rhett comes into the team with a wealth of experience from both the owner’s and contractor’s side of the fence.

“He will assume principal responsibility for contracting strategy, schedule maintenance and capital works.”

“Invaluable in-field insight”

Shackleton continued: “With the development of the WA sulphate of potash sector in its infancy, we are focused on mitigating risks associated with project implementation, which underpins APC’s capacity to execute its project funding plan and deliver long term value to shareholders. “

“Rhett’s long, varied and successful experience across different continents, different commodities and different mineral processing developments will give our team invaluable in-field insight through early works leading into the development proper.”

Long-life low capital producer

K-Brite is a registered trademark brand of Australian Potash, representing the premium sulphate of potash to be produced from the flagship Lake Wells project.

APC holds a 100% interest in the project, around 500 kilometres northeast of Kalgoorlie in Western Australia's Eastern Goldfields.

Following the release of the definitive feasibility study (DFS) in August 2019, APC has been focused on the Front-end Engineering Design (FEED) study, finalising offtake discussions and securing financing to develop the project.

The DFS, which was underpinned by extensive and rigorous test-work, data and modelling, confirmed that the Lake Wells will be a long-life, low-capital and high-margin SOP producer.

Quick facts: Australian Potash Ltd

Price: 0.16 AUD

Market: ASX
Market Cap: $77.85 m

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