leadf
logo-loader
viewKore Potash

Kore Potash announces maiden mineral resource estimate for Dougou Extension Deposit at Kola project

The AIM-listed potash miner said the total mineral resource of sylvinite, an important source of potash, at the Dongou extension was 232mln tonnes of sylvinite grading at 38.1% sylvite

Bag of potash
The resource has potential to increase the processing life of the Kola project

Kore Potash PLC (LON:KP2) has released details of the first mineral resource estimate (MRE) for the Dongou Extension Deposit at its Sintoukola (Kola) Potash project in the Republic of Congo.

The AIM-listed potash miner, which owns 97% of Kola, said the total mineral resource of sylvinite, an important source of potash, at the Dongou extension was 232mln tonnes of sylvinite grading at 38.1% sylvite (KCl), taking the total mineral resource of the entire Kola project to around 1bn tonnes.

READ: Kore Potash's new chief takes hard look at costs of Kola

Kore added that the resource had the potential to provide additional feed to increase the processing life of the Kola project, while also having potential to increase the scale of the Kola project, although these options would be reviewed following the completion of a definitive feasibility study at Kola.

Brad Sampson, chief executive of Kore Potash, said the mineral resource estimate at Dougou “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”.

He added that the new deposit created “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”.

In mid-morning trading Monday, Kore Potash shares were up 2.7% at 4.6p.

Quick facts: Kore Potash

Price: 0.71 GBX

LSE:KP2
Market: LSE
Market Cap: £17.32 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kore Potash named herein, including the promotion by the Company of Kore Potash in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

AIM now starting to see 'sparks of life' - Mining Capital's Alastair Ford

Mining Capital's Alastair Ford talks through a number of upcoming mining IPOs. ''Mining's beginning to recover its confidence ... there are people in the markets saying they can raise more than $1bln for projects and they are being believed''.

on 21/7/17

2 min read