Western Australia-The Martu people of Western Australia have agreed to commercial terms and a term sheet for Reward Minerals Ltd. of Nedlands, Western Australia, to explore for potash at Lake Disappointment, an ephemeral salt lake in a remote area of Western Australia. Reward said the news, which was announced March 31, is even more pivotal in light of increasing global potash prices. It put retail prices at the time in Australia at $825/mt for sulfate of potash and $630/mt for muriate of potash. The company is aiming for an initial output at Lake Disappointment of 200,000 mt/y of SOP.
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