In January 2024, Leichhardt entered into a binding sale agreement with Dampier Salt Limited to acquire 100% of the Lake MacLeod assets and operations which include a privately-owned deep-water port, capable of handling up to 6Mtpa export capacity across both salt and gypsum products.

Government approvals were finalised with transfer of ownership to Leichhardt on 2 December 2024. Located approximately 70 kilometres from Carnarvon, Lake MacLeod comprises of both salt and gypsum operations. Lake MacLeod has been sustainably operating since the 1960’s from a perpetual brine resource under a State Agreement.

Lake MacLeod currently produces 1.5Mtpa of salt via a channel into the halite layer abstracting brine that is 10 x saltier than seawater. It has historically operated at a capacity of up to 3Mtpa of salt with the resource and current infrastructure supporting these levels. The Lake MacLeod salt is exported into the Asia-Pacific region for use as industrial salt.