Sign up Australia
Proactive Investors - Run By Investors For Investors

Kore Potash starts review of documentation for the Sintoukola DFS

The company issued a quarterly operational update and cash flow report. No field-work exploration activities were undertaken during the period
Repair work
Kore Potash workers doing a spot of repair work

Kore Potash PLC (LON:KP2) said it has sufficient information to commence a formal review of the definitive feasibility study documentation for the Sintoukola potash project.

On October 29, the company received 15 volumes of the definitive feasibility study (DFS) documentation from the consortium of French engineering companies; the remaining volume is being finalised.

READ: Kore Potash adds 20% to indicated resource in Republic of Congo

The company is awaiting feedback from the Ministry of Mines and Geology on whether further action is required by the company to finalise the Mining Convention for the Sintoukola (Kola) project. The convention has been approved by the Cabinet and reviewed by the Republic of Congo parliament.

The company revealed he held US$11.7mln in cash at the bank at the end of September.

"Completion of the DFS is a critical step towards unlocking the potential of the Sintoukola Project area. The company looks forward to finalising the review of the DFS and sharing the outcomes with shareholders,” said Brad Sampson, the chief executive officer of Kore.

"The Kola deposit is a globally significant potash deposit and we expect the DFS to forecast operating costs that demonstrate the potential for production at Kola to be disruptive in the potash market and generate significant cash flows for multiple generations,” he added.

View full KP2 profile View Profile

Kore Potash Timeline

Related Articles

1541407798_CCZ-757.jpg
November 05 2018
Historical high-grade ore stockpiles present an early cashflow opportunity.
Platina team
August 15 2018
The company’s shares are trading about 6% higher intra-day, at 8.8 cents.
1530095749_shutterstock_102742847.jpg
June 27 2018
Metalla's royalty portfolio looks set to grow and grow

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use