Sure will, you can do an A/B extraction with pretty much any type of plant, most will yield an unknowen base, some are nothing more then toxic chemicals. The main thing would be to figure out what to extract the salts in and what PH you would basify at. This will probably yield no psychoactive compounds, but then again many Acacias contain various tryptamines, even mescaline and amphetamines.
I will be able to identify the species when it flowers, I was even thinking about relocating one to my grow room to induce flowering.