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Potash Ridge Corp.
Summary
| Project: | Blawn Mountain | |
|---|---|---|
| Deposit: | Blawn Mountain | |
| Location: | United States | |
| Commodities: | Potash | |
| Date: | 1/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2017: Potash Ridge Corp. announces a Pre-Feasibility Study report for its Blawn Mountain deposit at the Blawn Mountain project. Updated PFS report on Blawn Mountain project. This technical report was prepared by Millcreek Mining Group (Millcreek) for | |
| Resources: | (Reserve, P+P): 153.3Mt @ 3.90% K2O, 7.22% K2SO4 | |
| CP/QP: | [Resources]: Steven B. Kerr (Millcreek Mining Group) | |
| ABSTRACT: | This technical report was prepared by Millcreek Mining Group (Millcreek) for Potash Ridge Corporation (PRC), a publicly traded mineral exploration and development company with its corporate office in Toronto, Ontario, Canada. This report summarizes an updated Prefeasibility Study (PFS) performed on the Blawn Mountain Project by Millcreek and Resource Development Inc. (RDI) that focuses on the mining and processing of alunite ore for the production of sulfate of potash (SOP). This report incorporates results of tradeoff and scaling studies performed by SNC Lavalin (SNC) for the processing facility. For reference and clarity, this Technical Report serves as an update to the Technical Report that PRC completed in November, 2013. The purpose of this Technical Report is to present a more realistic and accurate estimate of project value. Given the investment market’s appetite and interest in similar capital projects, PRC proposes an optimum annual production rate of 3.4Mtpy (down from the previously proposed 10.4Mpty). However, the Life-of-Project has been constrained to approximately 46 years to maintain the level of confidence required to define economic reserves. While this leads to an overall decrease in economic reserves that can be reported in this study, it does not impact resources available for consideration after the Life-of-Mine (see Section 15.3). | |
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