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Kore Potash Plc
Summary
| Project: | Kola | |
|---|---|---|
| Deposit: | Dougou Extension | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Sylvite | |
| Date: | 4/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 29-4-2019: Kore Potash Plc announces a Scoping Study report for its Dougou Extension deposit at the Kola project. Scoping study for Dougou extension results incl. post-tax NPV of US $267M (10%), IRR of 22.9%. London, England – 29 April 2019 – Kore Potash | |
| Resources: | (Resource, Total): 232Mt @ 38.1% KCl at Dougou Extension | |
| CP/QP: | [Overall Report]: John McEwan, Max Ramey (Independent) | |
| ABSTRACT: | London, England – 29 April 2019 – Kore Potash plc (ASX, AIM, JSE: KP2) ("Kore Potash" “Kore” or "the Company"), is pleased to announce the results of a Scoping Study undertaken to assess the viability of producing 400 thousand tonnes per annum (ktpa) of Muriate of Potash (MoP) from a portion of the sylvinite in the Dougou Extension (DX) Deposit by a solution mining method (all together the “Scoping Study”). The Scoping Study supports a low opex and strong cash generative operation with attractive estimated base case up-front capital costs of US$327 million. The DX Deposit is located within the Company’s Dougou mining permit, southwest of the Company’s flagship Kola sylvinite Deposit, which would be a separate development. | |
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