Salt Lake Potash Ltd Investigation

Dermott McVeigh of Avior Consulting has been appointed special purpose administrator to Salt Lake Potash Ltd by the Supreme Court of Western Australia.  Mr McVeigh’s current role is to investigate certain aspects of the company’s collapse and prepare a report for creditors detailing the results of the investigation and whether in Mr McVeigh’s opinion, claims exist against certain third parties.

We have commenced our investigation and are currently working with the Australian Securities and Investments Commission in respect of offences that may have been committed.

We anticipate that further information will be provided to creditors by the company’s voluntary administrators (Mr Martin Jones and Mr Hayden White of KPMG) in due course.