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Kore Potash Plc
Summary
| Project: | Kola | |
|---|---|---|
| Deposit: | Dougou Extension | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Sylvite | |
| Date: | 8/28/2018 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-8-2018: Kore Potash Plc announces an EIA/ESIA report for its Dougou Extension deposit at the Kola project. ESIA approved for mining at Dougou licence area. Kore Potash plc, the potash development company whose flagship asset is the 97%- owned Sintoukol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Kore Potash plc, the potash development company whose flagship asset is the 97%- owned Sintoukola Potash Project (“Project”), is pleased to announce that the Environmental and Social Impact Assessment (“ESIA”) for its Dougou Mining Licence has been approved. Highlights • The ESIA for the Dougou Mining Licence was approved by the Minister of Tourism and Environment of the Republic of Congo on 13 July 2018. • Approval of an ESIA is a prerequisite to commence construction of a mining project in the Republic of Congo. • The ESIA authorises the development of the potential mining project at the Dougou carnallite Deposit and could be extended in future to include the Dougou Extension sylvinite Deposit. • Permitting for the development of the Dougou Deposits creates potential to utilise potash from these deposits to increase the production rate or extend the project life at the nearby Kola Project, currently the subject of a Definitive Feasibility Study. • The ESIA approval is granted for a 12-month period and is renewable annually until construction of a project commences. Brad Sampson, CEO of Kore, commented: “Kore Potash’s mining licences in the Republic of Congo have the potential to produce potash for the global market at very low cost for generations, and it is pleasing to have achieved another important milestone with ESIA approval for the Dougou Mining Licence. “The Company’s key strategic ambition is to bring the flagship Kola Project into production, and it is important to keep the potential scale of the potash basin in mind. “Following completion of the Definitive Feasibility Study for the Kola Project, the Company intends to further assess the strategic options to unlock the value of the Dougou Deposits.” | |
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