Salt Lake Potash Limited advised of a project update for the Lake Way project near Wiluna, Western Australia. The Company will be implementing a revised ramp up strategy that involves suspending the initial plant feed programme following the processing of the first 90-110kt of harvest salts, to enable more salts to precipitate before commencing continuous harvesting activities. As a result of the revised pond ramp-up schedule and associated delayed plant feed salt availability, forecasted SOP production for FY'22 has been reduced and the Company will require further funding before the end of 2021 to continue operations at Lake Way. Discussions to resolve the funding shortfall have commenced and once complete and agreed will be announced to the market. The reduction in plant feed salt availability is expected to reduce primary SOP production in FY'22 from 165-185kt to 85-105kt. This is the result of three factors: A change in operating methodology for the ramp up period of the pond system has been implemented to manage salt grade variability in the harvest cells. A reduction in the estimation of available plant feed salt within harvest ponds following bulk sampling. The re-classification of lower grade inventories that have now been determined as unsuitable for plant feed during the ramp-up period. There is no anticipated impact on production levels in FY'23 and beyond, with full production run-rate from primary salts still anticipated in the June 2022 quarter. Under the revised ramp-up strategy the Company plans to process 90-110kt of plant feed salts to produce SOP for initial customer sales. Plant feed will then be suspended for a period of 10-14 weeks before harvesting activities and SOP production recommence. As a result, FY'22 forecast SOP production has reduced from 165-185kt to 85-105kt. The revised mine plan is a result of three factors. A change in operating methodology for the ramp up period of the pond system has been implemented to manage salt grade variability in the harvest cells, reducing SOP production by c.63kt in FY'22: Ramp up of the ponds has followed the original modelling and expert advice, applying a continuous flow model that has resulted in brine with concentrations of less than 3.4% Mg (the concentration at which potassium salts begin to precipitate), being pumped into the harvest cells. As a result, salt formation in several harvest cells has exhibited higher grade variability than modelled, resulting in a lower average potassium and higher halite content. To rectify this issue the company has adopted a revised operating methodology for the continued ramp up of the pond system that suspends brine transfer into all harvest cells until the chemistry reaches the required level, to minimise salt grade variability. Reduction in the estimation of available plant feed salt inventory, reducing SOP production by c.12kt of SOP in FY'22: The reduction in estimated plant feed salt inventory is based on the change between the Mine Plan Inventory Model used for the previous mine plan, and newly acquired data from bulk sampling taken during and after harvesting activities in June. Prior to the opportunity to undertake bulk sampling arising from cell harvesting, only multiple single point data collection had been taken from across the cells. The deferment and sterilisation of lower grade inventories determined as unsuitable for plant feed during ramp up, reducing SOP production by c.7kt of SOP in FY'22. As part of the plant modelling that was undertaken from bulk sampling results in June, the lower potassium grade threshold has been increased for the plant ramp-up period. As a result some material was sterilised (not to be used) and other deferred with the intention of being fed through the plant at a later date, once in steady state.