Kalium Lakes (ASX:KLL) - Case Update

The second meeting of creditors of Kalium Lakes (ASX:KLL), a Perth-based mining company which owns a potash mine in Western Australia, has been adjourned to allow DOCA proposals to progress. Administrators Martin Jones, Matthew Woods and Clint Joseph of KPMG have updated creditors, advising that receivers Rob Brauer, Jason Preston and Rob Kirman of McGrathNicol have received non-binding DOCA term sheets, but that the proposals are not sufficiently progressed to be considered by creditors. The second meeting will be held on or before 7 December.