Western Potash Corp
Western Potash Corp is Junior Potash Mining Company focused on building Canada's most Efficient Potash Solution Mine. After receiving a positive Pre-liminary Economic Assessment at Milestone, Sask. the Company is now proceeding toward a Feasibility Study.
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Archive-
29/11/2011
John Costigan, VP Corporate Development of Western Potash, talks to Proactive Investors
John Costigan, VP Corporate Development of Western Potash, talks about 40 years mine life, 2.8 million tonnes a year, a critical element in NPK fertilisers, reducing the nitrogen and phosphate used worldwide, nearly 1 billion recoverable tonnes, and an 8.5% reduction in production costs due to a heat anomaly (Nov 2011).
Presentations & Company Media
25/10/2011
Corporate presentation (Presentation)
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Company Statement:
Western Potash Corp. is a junior mining company engaged in the acquisition, evaluation and exploration of potash mineral properties in Western Canada. The Company's objectives are to define and develop a world-class potash deposit while providing its shareholders with a unique opportunity to participate in the blue-chip dominated potash mining industry.
The Company 's key properties consist of 3 potash exploration permits in Southwest Manitoba located along the Saskatchewan border. The property covers 1000 km² and adjoins two potash deposits that are estimated to host over 1 billion tonnes of potash. In addition, the company was also granted 50,000 hectares of Saskatchewan exploration permits and applied for an additional 150,000 hectares in Southern Manitoba. Recent 2D seismic data and drilling results have confirmed the continuation and presence of the salt beds that host potash mineralization throughout the Company’s property. Western Potash will continue to search for appropriate mineral properties to add to its potash portfolio.
Current Operations:
Projects Overview
Western Potash Corp. has over 860,000 acres of potash permits and applications in Manitoba and Saskatchewan, Canada.
2011
On January 19th, 2011, Western Potash Corp. announced that AMEC Americas Limited had been engaged as the Lead Engineering Consultant for the Feasibility Study Process on the Milestone Potash Project. On the following day, January 20th, 2011, the Company announced that as a part of the Feasibility Study process, a 2 well drill program will commence on the Milestone project. The results from the drill program will be used to update the Company's NI 43-101 Resource Calculation on the Milestone Project.
On Feb. 22nd, 2011, the Company announced that it has signed a Memorandum of Understanding (MoU) with the City of Regina for a potential water supply options for the Milestone Potash project. Discussions, and decisions, involving water options for the Milestone potash project is a part of the Feasibility Study process.
On April 26, 2011, the company announced the receipt of an updated NI 43-101 compliant Mineral Resource Estimate for its Milestone property in southern Saskatchewan. The updated resource estimate at Milestone was prepared by Agapito Associates Inc. (“AAI”) of Grand Junction, Colorado.
Mineral Resources for the potential solution mining intervals (Patience Lake, Belle Plaine, and Esterhazy Members excluding interbeds) are estimated to be as follows:
• Measured Resource: 637 Mt in place sylvinite grading 30.47% KCl (64 Mt of recoverable KCl)
• Indicated Resource: 1,857 Mt in place sylvinite grading 30.35% KCl (180 Mt of recoverable KCl)
• Inferred Resource: 8,907 Mt in place sylvinite grading 30.31% KCl (701 Mt of recoverable KCl)
2010
On June 3rd 2010, Western Potash Corp. delivered its Updated NI 43-101 Resource Estimate on the Solution Mining amenable Milestone property. This Updated Resource Estimate significantly upgrades the Milestone properties resource, which consists of 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resource. The Resource Estimate at Milestone was prepared by Agapito Associates Inc. (“AAI”) of Grand Junction, Colorado. The full document can be sourced at www.sedar.com.
On Sept. 20, 2010 the Company announced that Milestone Potash Project Scoping Study has been completed. AMEC Americas completed the Study. This Study confirms that the Milestone resource shows significant positive economics and that the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr. The Executive Summary can be sourced at www.sedar.com.
On Nov. 1, 2010 to the Company announced that the Province of Saskatchewan has granted the Company a subsurface mineral lease on its 100% owned Milestone property in southern Saskatchewan. The renewable, twenty one year lease was granted by Ministerial order and provides the Company with the full and exclusive power and right to mine Crown owned subsurface minerals, including potash, contained within the lease area, subject to the provisions outlined by The Saskatchewan Subsurface Mineral Regulations, 1960.
2009
During the first quarter of fiscal 2009 the Company completed an additional four exploratory well totalling 4,566 m on its Russell South properties. Results suggest that the potash mineral prospects in that area could warrant further drill testing to confirm their extent and the potential to be an economic mineral deposit Grades determined by drill testing to date in the Russell South area compare well with those that are being mined at the neighbouring Saskatchewan Potash Corp’s Rocanville Mine.
At the Milestone property in Saskatchewan, (500 sq miles) the Company’s purchase and subsequent interpretation of several line-km of 2D seismic data confirmed the presence of potash prospective salt beds and highlighted a sizeable and attractive new exploration target within 10km of the drilling completed by Rio Tinto (and subsequently sold to Vale) during 2008.
In addition, the Milestone project is characterized by a high minimum formation temperatures of approximately 65.5 degrees C. Temperature is important because higher formation temperatures improve the potash dissolution process, and reduce heat input required for the injected brines thereby significantly reducing production costs.
2008
Western Potash was able to raise in excess of 45 million CAD from institutional and retail investors, including the IPO in May 2008.
The Company carried out exploration activities during 2008 on its Russell-Miniota and its Russell South properties that included the completion of 5 exploratory drilling wells totaling 4,849 m. During the year the Company completed 175 line kilometers 2-D ground Seismic geophysical surveys on its Manitoba properties.
During May 2008, the Company was granted three potash permits in south-eastern Saskatchewan (Milestone Project). The three contiguous permits were granted by the Saskatchewan Ministry of Energy and Resources and comprise a total of 123,948 acres.
2007
Western Potash Corp. was formed when the opportunity to acquire key prospective ground adjacent to known Potash deposits in the province of Manitoba, Canada, presented itself. In July 2007 a private consortium obtained the potash rights on 555 square kilometers, adjacent to BHP Billiton’s Lease and Agrium’s Exploration permits, within 13km of Saskatchewan Potash Corp’s Rocanville Potash mine.
Saskatchewan has the largest potash industry in the world, accounting for more than 40% of the world’s trade in potash. The potash reserves in Saskatchewan are massive. By conservative estimates, Saskatchewan could supply world demand at current levels for several hundred years.
Western Potash Corp. is a junior mining company engaged in the acquisition, evaluation and exploration of potash mineral properties in Western Canada. The Company's objectives are to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner while providing its shareholders with a unique opportunity to participate in the blue-chip dominated potash mining industry.
Western Potash will continue to search for appropriate mineral properties to add to its potash portfolio.
The contents of this project description have been reviewed and approved by J. Patricio Varas, P. Geo, CEO and director of Western Potash who is a qualified person as required by NI 43-101.
Management
Pat is a Professional Geologist with over 21 years experience in exploration, project and corporate management. Pat has worked and collaborated with major and junior mining companies in exploration projects that span North and South America, Europe, Africa, Asia and Australia.
Mr. Varas was involved in the discovery of the Diavik Diamond mine as a project manager while at Kennecot Canada Inc. and was instrumental in the project management that led to the discovery of the Santo Domingo Sur deposit in Chile with Far West mining.
Buddy Doyle, Geological Advisor & Director
Buddy’s experience includes more than 25 years exploring for gold and diamonds. Mr. Doyle led the team that discovered the currently-producing Diavik/Aber Diamond mine and served as Vice President of Exploration for North American Diamonds with Kennecott Exploration, a division of Rio Tinto for 12 years during which time more than 100 kimberlites were discovered. He recently was awarded the Hugo Dummitt Award for excellence in Diamond exploration by his peers in the industry. Since leaving Rio Tinto, Mr. Doyle has entered thejunior sector with flair. He remains active in the diamond sector through a consultancy and non-executive directorships. Few geologists have seen 2 projects from discovery through to decision to mine. Mr. Doyle brings to the company a disciplined scientific approach to mineral exploration and managerial skills that have a proven track record.
Patrick is a seasoned venture capitalist and financier with over 15 years of experience as a stock market professional and as director of public companies. Western Potash benefits from Mr. Power's wealth of experience as a shrewd dealmaker, an adept financier and as a tireless, results-driven leader of dynamic public companies. The company enjoys Mr Powers’ large network of contacts within the industry, his enthusiasm and his efforts as a board member and trusted advisor. He is currently the President and CEO of Arctic Star Diamond Corp.
Dave contributes to Western Potash’s board many years of company management, financing and a wealth of experience with publicly traded companies. He is an invaluable contributor and advisor with regulatory compliance and filings. He has been a director of mineral exploration companies since 1996, and has stewarded Commerce Resources Corp’s Blue River Project from its acquisition in 2000 through to current development stage activities. Mr. Hodge is the former President of Zimtu Technologies. Under his direction the company has issued 7 dividends and has helped to create Petrol One an oil and gas exploration and development company.
Troy brings nine years of accounting and auditing experience to the board. His considerable knowledge with compliance requirements to various exchanges and overall understanding with financial reporting will provide the company with the necessary tools to report to investors in a timely and efficient manner. Troy also serves as director on various other private company boards and holds the position of President for a large BC charity entrusted with overseeing the administration of over $15 million dollars worth of public funds annually.
Dean Pekeski is a Professional Geologist registered in Manitoba and a graduate from the University of Western Ontario with over 15 years experience in mineral exploration. From April 1996 until March 2008, Mr. Pekeski was employed as an exploration geologist and project manager for Rio Tinto Exploration where he has explored for base metal and diamond deposits across Canada, southern Africa, and India. Mr. Pekeski’s include leading the Rio Tinto exploration team that discovered, and evaluated the diamondiferous Bunder kimberlites in India. His most recent responsibilities included managing Rio Tinto's diamond exploration programs in North America.
John is a former Vice President of AKP Canada. He brings his particular business acumen to bear on the future and development of Western Potash. This includes over twenty years experience in technical sales and marketing to the mining, food and pulp & paper multinationals. Mr Costigan’s responsibility also included the development and management of supply chains in Thailand, Brazil, Germany as well as North America. Graduating first in his class John holds an Honors degree from Concordia University in Montreal Quebec. Current member of the National Institute of Investor Relations.
Allison has been involved in the mining industry for the past five years, focusing in the area of corporate securities for various law firms and a group of publicly traded mining companies. She brings experience in regulatory filings, as well as knowledge in public company administration with a focus on the natural resources sector. She is a graduate of Simon Fraser University with a degree in English.
Major Shareholders
Share Structure
| Shares Issued | 160,945,183 |
| Warrants | 9,091,000 (1.75) Expiry June 2013 1,272,740 (1.10) Expiry June 2013 |
| Cash | 28M |
| Management Holdings | 14.9% |
Contact Information
Corporate Offices:
Western Potash Corp. Vancouver Office
Suite 1818 - 701 West Georgia Street
Vancouver, BC
V7Y 1C6 Canada
Website http://www.westernpotash.com
E-Mail info@westernpotash.com
Telephone 604.689.WEST (9378)
Facsimile 604.689.9376
Corporate Information
No info available.
