Announcement PDF Introductory information for the Share Purchase Plan Investor Presentation 25 November 2019 ASX: PWN FSE: 4IP 25 November 2019 www.parkwayminerals.com.au www.parkwayminerals.com.au Parkway Minerals (ASX: PWN) | Investor Presentation 1 Disclaimer This presentation is for information purposes only. Neither this presentation nor the information contained in it constitute an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This presentation does not constitute financial product advice and has been prepared without taking into account the recipients’ investment objectives, financial circumstances or particular needs, and the opinions and recommendations in this presentation are not intended to represent recommendations to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks which include, among others, the risk of adverse or unanticipated market, financial or political developments. Certain statements contained in this presentation, including information as to the future financial or operating performance of Parkway Minerals NL (‘Parkway Minerals’ or ‘the Company’) and its projects and technologies, are forward-looking statements. Such forwardlooking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Parkway Minerals, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies, involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements, and may include, among other things, statements regarding targets, estimates and assumptions in respect of potash and phosphate production and prices, operating costs and results, capital expenditures, ore reserves and mineral resources and anticipated grades and recovery rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions including the satisfactory performance of certain technologies developed and/or acquired by Parkway Minerals. Parkway Minerals disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words ‘believe’, ‘expect’, ‘anticipate’, ‘indicate’, ‘contemplate’, ‘target’, ‘plan’, ‘intends’, ‘continue’, ‘budget’, ‘estimate’, ‘may’, ‘will’, ‘schedule’ and other, similar expressions identify forward-looking statements. All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty therein. Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements. Such factors include but are not limited to: competition; mineral prices; ability to meet additional funding requirements; exploration, development and operating risks; new technology related risks; uninsurable risks; uncertainties inherent in ore reserve and resource estimates; dependence on third-party smelting facilities; factors associated with foreign operations and related regulatory risks; environmental regulation and liability; currency risks; effects of inflation on results of operations; factors relating to title to properties; native title and Aboriginal heritage issues; dependence on key personnel, and share price volatility. They also include unanticipated and unusual events, many of which it is beyond the Company’s ability to control or predict. DINNER HILL RESOURCE STATEMENT Information in the presentation that relates to the Mineral Resource estimate for Dinner Hill is fully described in the ASX release of 26 September 2017. The Company is not aware of any new information or data that materially affects the information included in this presentation. All material assumptions and technical parameters underpinning the Mineral Resource estimates and Exploration Target in this presentation continue to apply and have not materially changed. The K-Max Scoping Study referred to in this presentation was fully described in the ASX release of 10 January 2013, while the Phosphate Scoping Study was released on 19 September 2013 and updated on 30 September 2015. Both are based on low-level technical and economic assessments and are insufficient to support an estimation of Ore Reserves, provide assurance of an economic development case at this stage or provide certainty that the conclusions of the Scoping Study will be realised. All material assumptions and technical parameters used in the Scoping Study and included in this presentation continue to apply and have not materially changed. Parkway Minerals has concluded that it has a reasonable basis for including the forward-looking statements provided in this presentation. Competent persons’ statements The information in this report that relates to the estimation of Exploration Targets and Mineral Resources is based on and fairly represents information and supporting documentation prepared by J.J.G. Doepel, a member of the Australasian Institute of Mining and Metallurgy. Mr Doepel, principal geologist of the independent consultancy Continental Resource Management Pty Ltd, has sufficient experience relevant to the style of mineralisation and type of deposit under consideration. He is qualified as a Competent Person, as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. This report is issued with Mr Doepel’s consent as to the form and context in which the Mineral Resource appears. The information in this report that relates to reporting of Exploration Results is based on and fairly represents information and supporting documentation prepared by James Guy, a member of the Australian Institute of Mining and Metallurgy. Mr Guy is a consultant to the mineral industry and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration. He is qualified as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Guy consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The metallurgical information in this report is based on and fairly represents information and supporting documentation compiled by Gary Johnson, a Member of the Australasian Institute of Mining and Metallurgy. Mr Johnson has sufficient experience relevant to the activity being undertaken to qualify as a Competent Person as defined in the 20012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Johnson is managing director of Strategic Metallurgy Pty Ltd. This report is issued with Mr Johnson’s consent as to the form and context in which the results appear. KARINGA LAKES POTASH PROJECT (KLPP) – RESOURCE DESCRIPTION RESOURCE STATUS On 20 February 2014, Verdant Minerals reported an in-situ SOP resource (in accordance with the 2012 JORC Code) for the Karinga Lakes Potash Project (KLPP). The 2014 resource is calculated using total porosity (total brine content) of the host rock. Subsequent to this resource estimate, in April 2019, the reporting requirements for brine resources under JORC have been updated, with a new set of requirements, which have been outlined in an AMEC (Association of Mining and Exploration Companies) publication titled, Guidelines for Resource and Reservice Estimation of Brines. The updated brine reporting guidelines can be downloaded from the AMEC website: https://www.amec.org.au/Public/Media/AMEC_Publications/AMEC_Brine_Guidelines.aspx The guidelines recommend the use of drainable porosity of the host rock (brine content that can be drained by gravity). The 2014 resource is not consistent with the new guidelines in this regard. Revision of the resource estimate to be consistent with the guidelines will result in a reduction of the total reported resource. The 2014 resource estimate is comparable to other brine potash resources reported in accordance with the JORC Code 2012, that are calculated based on total porosity. During the transition to the new guidelines it has been common for companies to report both estimates calculated on total porosity and calculated on Drainable Porosity. ADDITIONAL INFORMATION Detailed hydrogeological studies at the KLPP have been based on significant datasets including drill hole, trench, production tests and monitoring data over several years provide confidence in the project. In collaboration with CPC’s joint venture partner Verdant Minerals, the KLPP joint venture will determine an appropriate work program, (as part of a feasibility study) to to revise the resource estimate for the KLPP. As a result, investors are cautioned not to make investment decisions based on the presently reported and publicly available mineral resource for the KLPP. 25 November 2019 Parkway Minerals (ASX: PWN) | Investor Presentation 2 Corporate Snapshot As at 22 November 2019 Capital Structure Current Ordinary Shares (PWN) on issue 1,220,515,079 12-month Trading Range $0.003 - $0.010 Market Capitalisation (at $0.008) $9.8 million Partly Paid Securities (PWNCA) 246,600,643 Unlisted Options ($0.02, 17 Aug 2020) 55,126,000 Major Shareholders CPC ™ CONSOLIDATED Potash Corporation Transformational Acquisition Percentage Lions Bay Capital (CPC vendor) 18.4% Activated Logic (CPC vendor, ED) 17.1% Citicorp Nominees (HNW) 4.3% Horn Resources (CFO) 3.1% Rhodes Mining (CPC vendor) 2.8% Patrick McManus (MD) 2.6% Other Top 20 19.5% Top 20 67.8% Marketable Securities Value ($A) 34,300,000 units ASX:DAV @ $0.045 $1.55 million 7,142,850 units ASX: DAVO $0.005 $0.04 million Total ~$1.6 million Technology | Projects 25 November 2019 Parkway Minerals (PWN) – 3 Year Share Price Chart D A. $0.008, Last traded price B. C. D. $0.007, 5-day VWAP leading up to SPP $0.006, SPP Price (with 2:1 option, 3yr) $0.020, ex price of 3yr option / PWNCA A B C Directors & Management Stock Symbols Adrian Griffin – Non-Executive Chairman Patrick McManus – Managing Director Bahay Ozcakmak – Executive Director ASX: PWN Patrick Power – Non-Executive Director Robert van der Laan – Chief Financial Officer Amanda Wilton-Heald – Company Secretary Parkway Minerals (ASX: PWN) | Investor Presentation Frankfurt: 4IP 3 Capital Raising & Board Changes Capital Raising In order to fund a range of priority activities relating to the commercialisation of the aMES™ technology, Parkway Minerals is seeking to raise up to $849,000. § $189,000, capital raising to sophisticated investors (firm commitments received) § $660,000, share purchase plan (SPP) being offered to existing shareholders. Bahay Ozcakmak to be Appointed Managing Director § Bahay is the founder of Activated Water Technologies and was the CEO of Consolidated Potash Corporation (CPC) up until acquisition by Parkway Minerals in Sep 2019. Proposed Use of Proceeds – Fund 2020 Plan (refer Key Milestones - CY2019 slide) § Preparing PFS for the Karinga Lakes Potash Project based on aMES™ technology § Evaluation activities for the NMLP to support potential farm-out § As an experienced executive and the driving force behind the aMES™ technology since inception, the board has determined that Bahay is uniquely well placed to lead Parkway Minerals as it embarks on a range of growth initiatives. § Ongoing business development and commercialisation of the aMES™ brineprocessing technology § Including establishment and formalisation of strategic partnerships with leading industry players, and general working capital. § Following the recent acquisition of CPC, Bahay is one of the largest shareholders (~17.1%) of Parkway Minerals. § Bahay has strong technology commercialisation experience, including in partnering/licensing/transacting with major companies in the biotech, energy, mining and fertiliser sectors. Placement § As of 25 November 2019, Parkway Minerals has received firm commitments from sophisticated investors to subscribe for 31,500,000 shares, to raise gross proceeds of $189,000. § Placement price of $0.006/share, with a single unlisted option (1) for every two shares (2) issued (3-year term and exercisable at $0.02). AGM & Board Changes Share Purchase Plan § Immediately after the Parkway Minerals AGM, executive director Bahay Ozcakmak will be appointed the new managing director of the Parkway Minerals. § The Parkway Minerals Annual General Meeting (AGM) is scheduled for 2:00pm (WST) on Tuesday the 26th of November. § Existing shareholders are being offered the opportunity to participate on same terms. § 25 Nov 2019, SPP offer opens § As part of the managing director succession process, the current Parkway Minerals managing director Patrick McManus will concurrently transition into a non-executive director role. § 17 Dec 2019, SPP offer closes For further details, refer to the SPP ASX Announcement (25 Nov 2019). 25 November 2019 Parkway Minerals (ASX: PWN) | Investor Presentation 4 Water – An Existential Crisis The growing threat of water wars Ghosh J, New Europe, 18 Nov 2019 i) Water Crisis Population growth and economic development is putting pressure on limited freshwater resources: Simon M, WIRED, 14 Jan 2019 § ~1.1 billion people worldwide lack access to water. § ~2.7 billion find water scarce for at least one month of the year. ii) Competing Uses for Water § The agriculture, energy and mining sectors are amongst the largest consumers of water. § Access to water is very challenging. iv) Desalination Plants § Rapidly growing market to meet major global water challenges. Jones et al. Science of the Total Environment. 2019 iii) Need for Improved Sustainability Solution – Key Requirement § It is estimated that, less than 5% of liquid wastes from the mining industry undergo any form of processing to recover freshwater. Technology to recover fresh water, from concentrated brines, economically. § Permitting new mines that require freshwater is becoming difficult. 25 November 2019 § The ~16,000 operating desalination plants produce more than 140 million m3 of waste brine, per day. Parkway Minerals (ASX: PWN) | Investor Presentation 5 What We Do – Transformational aMES™ Technology Processing Range of Brines and Salts § Globally, more than 250,000,000m3 of concentrated brine is produced daily, more than half of the brine is produced by desalination plants. § Large amounts of primary and waste brines are also produced from mining (potash/potassium, lithium), industrial, power generation and other major industries. § Processing and disposal of these brines is often complex, problematic and expensive. Processing costs can exceed $10/m3, providing an attractive opportunity. Economic Brine Processing As a mining technology company, Parkway Minerals is focused on recovering valuable minerals from these brines, whilst reducing waste volumes. In simple terms, we: 1. Take waste brine streams. 2. Process the brine with our aMES™ technology. 3. Recover very pure fresh water, and 1 4. Produce range of high-purity minerals including potash (MOP, KMS, SOP), Mg/Li & other salts. 3 4 Processing Range of Brines and Salts 2 crude salts 25 November 2019 Parkway Minerals (ASX: PWN) | 1 3 crude brine fresh water Investor Presentation 4 processed brine pure product 6 Parkway Minerals – Our Vision “ To transform global brine processing methods, through innovative technology to improve sustainability, and create value. “ Economic Value - Improved mineral recovery - Recycling of water & reagents - Monetisation of byproducts Environmental Value - Reduced environmental footprint - More sustainable operations 25 November 2019 aMES™ KEY APPLICATIONS Desalination Mining Brines Social Value - Meeting community expectations Potash – SOP Parkway- Minerals | Investor Presentation Securing(ASX: licencePWN) to operate 7 Key Advantages of aMES™ Technology Next-Generation Brine Processing § Existing conventional technologies are mature, but increasingly no longer fit-for-purpose, particularly in terms of environmental credentials. § Flotation – widely used in mineral processing including in potash production, but low-yields and disposal of waste streams is a major challenge. § Reverse Osmosis (RO) – disposal of waste brine streams is emerging as a significant issue, particularly given the presence of antiscalants and antifoulants. Conventional Flowsheets § Many conventional project flowsheets, adopt Flotation for mineral processing related applications and Reverse Osmosis (RO) for desalination. § Many mineral processing flowsheets also adopt RO to provide process water and/or “dewater” waste streams to reduce disposal volumes. aMES™ Based Flowsheets § The application of aMES™ technology provides the opportunity to: § improve product quality and yields § produce fresh water (instead of consume) § reduce project waste footprint 25 November 2019 “Game-changer” “Conventional” “Cheap water” § Efficient § Low-yielding § Low water yield § High-purity § Moderate-purity § Waste brine stream § Sustainable § Sub-optimal § Process chemicals Parkway Minerals (ASX: PWN) | Investor Presentation … the natural choice. 8 Proprietary aMES™ Technology Platform High-Value Technology Platform World-Leading R&D Through the acquisition of CPC, Parkway has acquired Activated Water Technologies (AWT), the owner of the aMES™ technology platform. § Subsidiaries recently acquired by Parkway, primarily AWT, are at the forefront of innovative brine processing related R&D. AWT has a strategic collaboration and technology licencing agreement in place with VU. The partnership has been successful in securing prestigious Australian Research Council (ARC) grants to deliver R&D programs with budget exceeding $1 million. Through aMES™, AWT has developed: § An efficient system to process concentrated brines to recover valuable minerals. § Flexibility to optimise flowsheet to extract maximum value from a given feedstock. AWT is a founding member of ARC-EESep, a world-class team of scientists from 8 Australian universities, CSIRO, 3 Intl. universities, and includes 20 industry partners, with total funding of >$10 million. § A novel brine processing platform, with substantial barriers to entry. Novel Concept Design § The aMES™ technology: § § Is based on innovative system designs, including (patented) designs which provide significant advantages Incorporates a range of proprietary modifications and integrations to established process designs & equipment 25 November 2019 R&D Technical Partner § Strategic partnership and technology licensing agreement with Victoria University (VU). § Based on more than a decade of water sector research (>$10M), has developed significant R&D expertise knowhow relating to: § § Novel system designs § Robust operation of pilot plant facilities § Pilot Plant Facilities State-of the-art R&D High Performance A broad range of aMES™ pilot plant equipment and facilities suitable for: § § § § Performing cutting-edge in-situ studies including crystallization kinetics The design of each aMES™ project application is intended to achieve a material step-change in project performance as a results of: Investigating key process parameters and providing proof-of-concept for each feedstock Validating performance and performing range of optimization studies § Proprietary system design & operation § Integrated heatexchanger (patented) to improve energy intensity § Utilising CHP principles to increase system efficiency Leading Partnerships § Established relationships with key partners essential for successful project delivery including: § Technical process development expertise § OEM suppliers, particularly plant and BOP system related § EPC contractors § Specialised consultants § Project proponents aMES™ Pilot Plant aMES™ Operations aMES™ Products Innovative aMES™ pilot plant built and operated, with specialised equipment; options to significantly scale-up brine processing capacity as required. Proprietary brine extraction, preparation and processing capabilities based on the innovative aMES™ technology platform, support testing operations. Extensive testwork based on proprietary aMES™ flowsheets has produced high-grade potash related products, including sylvite (MOP), leonite (KMS), sulphate of potash (SOP). Parkway Minerals (ASX: PWN) | Investor Presentation 9 Opportunities for SOP Production through aMES™ Overview § There is growing demand for sulphate of potash (SOP), however, bringing new production online through conventional means, faces significant challenges. 1) Process Water aMES™ Technology Processing Route* Brine Extraction • Trenches and evaporation ponds provide low cost brine extraction option § Depending on the specific flowsheet, the production of 1 tonne of SOP can require in excess of 10m3 of fresh process water. Gas Supply • Required for power and process steam generation Process Water • Very small requirement • Produced from raw brine § The aMES™ technology recovers and recycles high-quality process water. § Mineral recoveries associated with flotation and other conventional processes are sensitive to feedstock composition. 3) Waste Brine Disposal § Various mineral processing stages associated with flotation, leaching and purge solutions, generate substantial waste brine streams. § § Potassium Salt Harvest • Potassium rich salts harvested and stockpiled Tailings • Potassium Disposal of these waste brine streams is depleted brine often both complicated and costly. returned to salt The aMES™ technology is able to process lake & recover products from these streams. 25 November 2019 Energy • Waste heat • 40-70oC Power Generation • Gen-set power generation for processing plant aMES™ 2) Mineral Processing § The aMES™ technology achieves high recoveries including of by-products. Conventional Processing Route vs Energy • Gas required to produce steam to convert KMS to SOP Process Water Bore Field • Approvals and lead times • Operating costs, RO & risks Conventional Flotation aMES™ Processing Plant - NEW • Efficient technology specifically optimised for the recovery of intermediate salts and production of high-purity potash (SOP) Central Processing Plant - OLD • Highly sensitive to variable feedstock and process conditions, with relatively low potash recoveries Advantages Challenges WATER – no need for process water bores WATER – requires off-site bore field ENERGY – sourced from waste heat ENERGY – requires large amounts of gas PRODUCT – high-yield, purity & by-products PRODUCT – variable yield, no by-products Tailings • Much smaller volume • Without reagents, tailings disposal is more sustainable Product • SOP Product • MOP/KMS • Range of by-products Tailings • Following flotation, residual brine contains reagents, making tailings disposal complex and costly Product • SOP Product • Often no byproducts * - The proposed aMES™ processing route outlined herein, has applications for the Karinga Lakes Potash Project. Parkway Minerals (ASX: PWN) | Investor Presentation 10 Key Milestones – CY2020 Technology Platform – OEM Continue integration of aMES™ technology into tier-1 OEM equipment platform Major global mining company North American potash company Ongoing business development Support business development Technology Platform – EPC Collaborate with global EPC partner to develop aMES™ technology delivery capability Lithium project opportunity Australian potash company Partnership strategic OEM-1 aMES™ Technology Delivery Platform Ongoing aMES™ test-work on several third-party projects Major global potash producer Q4 2020 Legacy Projects Business Development Q3 2020 Q2 2020 Strategically build robust aMES™ Technology Q1 2020 Maximise value of current focus Validate technology solution Assess and progress project business development pipeline Partnership strategic EPC Karinga Lakes (KLPP) Agree with JV partner on aMES™ Pre-Feasibility Study (PFS) scope and deliverables Deliver PFS based on aMES™ development concept Transition to DFS based on aMES™ development concept New Mexico (NMLP) Collaborate with project partner to package strategic opportunity for farm-out Project alignment with partner Farm-out project to fund drilling Drill project to delineate potash & lithium resource Scoping study based on aMES™ development concept Dandaragan (DTP) Finalise preparation of dataroom to support farm-out Farm-out project to fund next-stage of feasibility studies DFS – definitive feasibility study | EPC – engineering, procurement & construction | OEM – original equipment manufacturer | PFS – pre-feasibility study 25 November 2019 Parkway Minerals (ASX: PWN) | Investor Presentation 11 Investment Case 1) Unique Technology § Proprietary aMES™ technology platform – patented IP & knowhow 2) Very Large Addressable Markets Sustainability Focus § Mining, desalination, industrial waste brine and others § Strong drivers for improvement 3) Focus on High Value Applications High Barriers to Entry § Applications where a mature low-cost alternative does not exist § Very difficult for others to compete 4) Working with Leading Strategic Partners Capital Light Business Model § Partnering with tier-1 OEM (equipment) and EPC (engineering) § Recurring aMES™ licensing revenue 5) Attracting Interest of Major Industry Players Experienced Team § Performing pilot studies and in discussions with prospective tier-1 clients § Industry & technology expertise Robust Investment Case § Established strong foundations to underpin rapid growth § Opportunity to build a substantial business based on leveraging proprietary technology Parkway Minerals is developing a technology leveraged resources company, through the commercialisation of the aMES™ technology platform. >> Immediate focus is on developing solutions to improve potash production. 25 November 2019 Parkway Minerals (ASX: PWN) | Investor Presentation 12 Recent Mining/Water-Tech Successes on the ASX SciDev (ASX: SDV) – 12M Performance Phoslock (ASX: PET) – 12M Performance § Market Cap: $71 Million § Market Cap: $528 Million § 12M Range: $0.03 – 0.76 § 12M Range: $0.31 – 1.59 § Tailings solids separation chemicals § Water remediation Typical Stages on the Journey to Success C A. Building the IP portfolio - often 5 - 10 years B. Partnering with key clients and partners C. Visibility on revenues E D. Institutional investors enter the register E. Raise funds for next stage of growth De.Mem (ASX: DEM) – 12M Performance D § Market Cap: $40 Million § 12M Range: $0.09 – 0.36 § Water treatment A B C C Where is Parkway Minerals with aMES™? § Data, including charts is as of 22 November 2019. § Parkway Minerals is not providing any form of forecast or guidance. All information on this slide is provided for illustrative purposes only and should not be relied on for any purpose whatsoever. § Undergone extensive IP development, now at the partnering stage. Established relationships, ongoing discussions about announcing strategic partnerships. 25 November 2019 Parkway Minerals (ASX: PWN) | Investor Presentation 13 Additional Information Resources Key Resources § This presentation is intended to provide a brief introduction to Parkway Minerals (ASX: PWN). For additional information, please refer to the below resources. Website LinkedIn Investor Presentations Transaction Presentation (5 Aug 2019) LinkedIn Profile Parkway Minerals NL ACN 147 346 334 Level 1, 675 Murray Street West Perth WA 6005 parkway MINERALS T +61 8 9479 5386 info@parkwayminerals.com.au NL PWN Logo.indd 2 www.parkwayminerals.com.au 25 November 2019 Technical Presentation (28 Oct 2019) Parkway Minerals (ASX: PWN) | 24/10/19 11:48 pm Contact Us Investor Presentation 14 Karinga Lakes Potash Project (KLPP) – Overview >> Additional Information: KLPP Introduction § CPC has earned an initial 15% interest in the KLPP, and has the right to acquire up to 40% through staged investment of further $2 million. § CPC holds a conditional optioni to acquire additional 10.1%. § In February 2019, CPC delivered a Scoping Studyii to the project operator, Verdant Mineralsiii, investigating a potential development scenario for the KLPP based on the aMES™ technology. § CPC has established a JV with Verdant Minerals to pursue feasibility studies regarding potential project appraisal and development. Infrastructure § Brine lake system located in prime geological setting on pastoral land in Central Australia (Northern Territory). § Ideally located, with major road and rail infrastructure located in proximity to the project, with regional gas options also available. Geology § The project consists of a chain of dry salt lakes and is located within the Central Australian Gro