Leichhardt secures key asset in Western Australia

Industrial salt developer Leichhardt Industrials Group has today announced the acquisition of an existing industrial salt and gypsum operation in Western Australia’s Gascoyne region. 

The privately-owned Australian company has signed a sales agreement to acquire 100 per cent of Lake MacLeod’s assets from Rio Tinto’s Dampier Salt. Completion of the sale is conditional on certain commercial and regulatory conditions being satisfied. 

Leichhardt’s Chief Financial Officer Scott Nicholas said the acquisition marked a significant milestone for the company. 

“We are excited to announce this transformational acquisition of Lake MacLeod with the operation set to join our portfolio of sustainable, high-quality industrial salt projects.” 

Leichhardt will retain all Lake MacLeod employees, ensuring continuity of operation and providing job stability to the 130-strong workforce. 

“Dampier Salt has successfully operated Lake MacLeod for over 45 years. We recognise the continuing success of the operation relies on the experience and expertise of the existing Lake MacLeod workforce. 

“We also acknowledge the vital role that Lake MacLeod has in Carnarvon and look forward to supporting and connecting with the local community including the strong connections and commitments to the Baiyungu people.” 

Leichhardt is also developing the Eramurra Solar Salt Project, located in the Pilbara region of Western Australia, approximately 55 kilometres south-west of Karratha. 

Pending government approvals, Leichhardt expects to make a Final Investment Decision in 2025, with Eramurra projected to begin exporting industrial salt in 2028. 

The two industrial salt projects will help diversify Western Australia’s resources sector, servicing the elevated demand for high-quality industrial salt in the Asia-Pacific market.