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Kore Potash Plc
Summary
| Project: | Kola | |
|---|---|---|
| Deposit: | Dougou | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Potash | |
| Date: | 5/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-5-2020: Kore Potash Plc announces a Pre-Feasibility Study report for its Dougou deposit at the Kola project. Pre-Feasibility Study results incl. post-tax NPV (10%) of US$319M and IRR of 22.9%. Ore Reserves (Table 3) were determined from a portion of th | |
| Resources: | (Reserves, Prob.): 17.7Mt @ 41.7% KCl | |
| CP/QP: | [Resource]: Vanessa Santos (Agapito Associates Inc.) | |
| ABSTRACT: | Ore Reserves (Table 3) were determined from a portion of the Indicated Mineral Resource Estimate which was updated for the PFS. The Sylvinite is hosted by two layers (‘seams’) referred to as the HWSS and the TSS, separated by 8 to 15 m of rock-salt. Table 4 provides the Mineral Resource Estimate. Further detail on the Ore Reserves Estimates and Mineral Resource Estimate is provided in Appendix B: (Summary of Information required according to ASX listing Rule 5.9.1) and Appendix C (JORC Code Table 1, Sections 1-4). This release, inclusive of Appendix A: Summary results of DX Project PFS, contains a series of forward-looking statements. The Company has concluded that it has a reasonable basis for providing these forward-looking statements and the forecast financial information included in this release. This includes a reasonable basis to expect that it will be able to fund the development of the DX Project when required. The detailed reasons for these conclusions are outlined throughout this release, including in Section 19 of Appendix A. All material assumptions, including the modifying factors, upon which the production target and forecast financial information is based are disclosed in this release (including the summary information in Appendix B and Appendix C). This announcement has been prepared in accordance with the requirements of the JORC and the ASX and AIM Rules. | |
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