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Kore Potash Plc
Summary
| Project: | Kola | |
|---|---|---|
| Deposit: | Dougou Extension | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Sylvite | |
| Date: | 8/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-8-2018: Kore Potash Plc announces a Resource Estimation report for its Dougou Extension deposit at the Kola project. Initial Sylvanite mineral resource for Dougou Extension deposit at Kola. London, England – 20 August 2018 – Kore Potash plc (ASX: KP2, | |
| Resources: | (Resource, I+I): 232Mt @ 38.1% KCl at Dougou Extension | |
| CP/QP: | [Resources]: Andrew Pedley (Internal) | |
| ABSTRACT: | London, England – 20 August 2018 – Kore Potash plc (ASX: KP2, AIM: KP2, JSE: KP2) ("Kore Potash" or "the Company"), the potash exploration and development company whose flagship asset is the 97%-owned Sintoukola Potash Project (“Kola”) located within the Republic of Congo (“RoC”), is pleased to provide the first sylvinite Mineral Resource Estimate for the Dougou Extension Deposit (the “Deposit”), following drilling completed in 2017, and interpretation of earlier drilling and seismic survey data. The Dougou Extension Deposit is located southwest of the Company’s Kola sylvinite Deposit which has Measured and Indicated Mineral Resources of 508 Mt grading 35.4% KCl. Sylvinite is a rock type comprised primarily of the potash mineral sylvite (KCl) and halite (NaCl). Sylvinite is the most important source of Potash worldwide. Brad Sampson, CEO of Kore, commented: “The maiden sylvinite Mineral Resources at Dougou Extension brings a third deposit within our permits in the Republic of Congo, and reinforces our view that this new basin hosts large globally important, shallow, and high-grade potash Deposits. We remain excited with the potential for these Deposits to supply potash to African and International agrinutrient markets for multiple generations”. “With the development of Kola our primary focus, this new Deposit creates potential for sylvinite from Dougou Extension to be processed at the planned Kola facility and provides yet more evidence that the start of production from this world-class basin will be a disruptive force in the fertiliser sector for decades to come.” | |
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