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Kore Potash PLC (KP2)

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Thursday 18 February, 2021

Kore Potash PLC

Updated presentation available

RNS Number : 5029P
Kore Potash PLC
18 February 2021
 

18 February 2021

 

Kore Potash Plc

("Kore Potash" or the "Company")

Updated presentation available

Kore Potash plc, the potash development company with 97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located within the Republic of Congo ("RoC"), is pleased to announce that an updated corporate presentation is available on the Company's website at https://korepotash.com/wp-content/uploads/2021/02/Investor-Presentation-February-2021.pdf .

ENDS

 

For further information, please visit  www.korepotash.com  or contact:

 

Kore Potash

Brad Sampson - CEO

 


Tel: +44 (0 )20 3963 1776

Tavistock Communications

Jos Simson

Edward Lee

 


Tel: +44 (0) 20 7920 3150

Canaccord Genuity -  Nomad and Broker

James Asensio

Henry Fitzgerald-O'Connor

 


Tel: +44 (0) 20 7523 4600

Shore Capital  - Joint Broker

Jerry Keen

Toby Gibbs

James Thomas


Tel: +44 (0) 20 7408 4050

 

About Kore Potash's Projects

Kore Potash is an advanced stage mineral exploration and development company whose primary asset is 97%-owned interest in the Sintoukola project, a potash project located in the Republic of Congo. The Sintoukola project comprises the Dougou Extension sylvinite Deposit, the Kola sylvinite and carnallite Deposits, and the Dougou carnallite Deposit. These deposits are within the Dougou and Kola Mining Licenses. The Sintoukola project also includes the Sintoukola 2 Exploration License.

Sintoukola is located approximately 80 km to the north of the city of Pointe Noire which has a major port facility, and within 30 km of the Atlantic coast. Sintoukola has the potential to be among the world's lowest-cost potash producers and its location near the coast offers a transport cost advantage to global fertilizer markets.

The Dougou Extension sylvinite Deposit contains a total sylvinite Mineral Resource Estimate of 145 Mt grading 39.7% KCl, hosted by two seams. The results of a Pre- Feasibility Study ("PFS") were announced on 13 May 2020, which determined Ore Reserves of 17.7 Mt with an average grade of 41.7% KCl. Dougou Extension is located 15 km southwest of Kola. The deposit is open laterally; an Exploration Target for the northward extension of sylvinite was announced on the 21 November 2018.

The Kola sylvinite Deposit has a Measured and Indicated sylvinite Mineral Resource Estimate of 508 million tonnes grading 35.4% KCl. The results of a Definitive Feasibility Study ("DFS") were announced on 29 January 2019, which determined Ore Reserves of 152 Mt with an average grade of 32.5% KCl. The deposit is open laterally; an Exploration Target for the Southward extension of sylvinite was announced on the 21 November 2018.

The Dougou Extension and Kola sylvinite Deposits are considered high grade relative to most potash deposits globally and have the advantage of having very low content of insoluble material, less than 0.3% which provides a further processing advantage.

 

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