Dec 18 (Reuters) - Salt Lake Potash Ltd SO4.AX :
* SALT LAKE POTASH LTD - HAS SIGNED A BINDING TERM SHEET WITH HELM AG FOR SALE OF PREMIUM SULPHATE OF POTASH (SOP) FROM LAKE WAY PROJECT
* SALT LAKE POTASH LTD - BINDING TERM SHEET SIGNED WITH VOLUME COMMITMENT OF 50,000T PER ANNUM FOR 10 YEARS
* SALT LAKE POTASH LTD - FINAL PURCHASE AGREEMENTS BASED ON EXECUTED TERM SHEETS ARE WELL ADVANCED WITH EACH OF OFFTAKE COUTERPARTIES