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Gensource Potash Corp.
Summary
| Project: | Vanguard | |
|---|---|---|
| Deposit: | Vanguard One | |
| Location: | Canada | |
| Commodities: | Potash | |
| Date: | 5/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-5-2017: Gensource Potash Corp. announces a Feasibility Study report for its Vanguard One deposit at the Vanguard project. Vanguard One feasibility study results incl. post-tax NPV (8%) of $235.8M, IRR of 16.31%. Gensource Potash Corporation (Gensource) | |
| Resources: | (Resource): 144.94Mt KCl @ 40% recovery (Ind.) and 329.73Mt KCl @ 40% recovery (Inf.) at project | |
| CP/QP: | [Overall Report]: Loius Fourie (Terra Modelling Services Inc.) | |
| ABSTRACT: | Gensource Potash Corporation (Gensource) is advancing the development of a vertically integrated, small-scale, potash production facility in its “Vanguard Area”. The Vanguard Area is comprised of potash leases KL244 and KL245, which are 100% owned by Gensource. These leases are in south-central Saskatchewan, and surround the villages of Tugaske and Eyebrow (Rural Municipality (R.M.) of Huron No. 223 and R.M. of Eyebrow No. 193 respectively). The Vanguard One Project (the Project), is the first “module” to be developed by Gensource in the Vanguard Area, and is being designed to produce 250,000 tonnes per year of saleable potash. In the fall of 2016, a Feasibility Study was initiated as the next step in developing the Vanguard One Project. At the time of the Feasibility Study, the preferred site location and well field have been chosen, and land purchase for the plant site is imminent. The Project will be sited within Township 22, Range 02 W3M, in Gensource’s KL245 lease. This is approximately 4.8 kilometres (km) (3 miles) south, and 4.8 km (3 miles) east, of Tugaske. The Project is situated in close proximity to the essential utilities and infrastructure required for an industrial project, including rail, roads, natural gas, power, etc. See Figure 1 for the Vanguard Area and Project Location map. The Project area is approximately 170 km south of Saskatoon and 150 km north-west of Regina (Saskatchewan’s two largest cities), and the closest major city is Moose Jaw, which is approximately 70 km to the south-east. | |
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