Kore Potash PLC - Review of Operations for Q1 2020
("Kore Potash" or the "Company")
Review of Operations for the Quarter ended
Kore Potash, the potash exploration and development company whose flagship asset is the 97%-owned
· Detailed work continued on the Dougou Extension ("DX") Pre-feasibility Study ("PFS") and the Company anticipates publication in
o Technical studies, design and costing have been delivered to Company for review.
· Extensions of environmental approval period to 25 years for Kola and Dougou Mining licences were received on
· The Company continued to engage with the RoC Government on the implementation of specific commitments contained within the
· The Company published its 2019 annual report on
"We are excited to be nearing completion of the DX Pre-feasibility Study. The DX project with its very high grade and shallow potash, and close proximity to the coastline and the major port of Pointe Noire is ideally placed to produce potash at low cost for supply into the nearby and growing markets in
Dougou Extension Sylvinite Pre-feasibility Study
During the Quarter, the Company progressed the Pre-feasibility Study ("PFS") on the Dougou Extension ("DX") project. The Company reports the following progress:
· All technical and trade off studies, design and cost estimation planned for the pre-feasibility study have been delivered to Kore for review.
· The Company drilled 3 infill diamond drill holes at the DX deposit as part of the PFS scope of work. The results of these holes are currently being assessed and will be released as soon as they have been compiled and verified.
· The Company anticipates release to shareholders of the pre-feasibility outcomes during
There were no mining production or construction activities during the Quarter.
Environmental and social impact assessment for Kola and Dougou ("ESIA")
The Minister of Tourism and Environment of the RoC issued certificates on
This approval aligned with the provisions of the
The Company plans in the future to seek approval for amendments to the ESIA for the Dougou Mining Licence to include the planned mining and processing of the DX sylvinite Deposit which sits within the Dougou Mining Licence.
Mining Convention and Research Convention
The Company continues to engage with the RoC Government on the implementation of specific commitments contained within the
The Company further progressed discussion with the Government on terms and conditions for a
In response to the Covid-19 situation the Company has closed its offices and management and office staff are all working remotely from home, with little disruption to the normal workflow.
The Koutou exploration camp and core yard remains guarded and secured. The Koutou camp manager and mechanics remain on site to ensure the condition of assets.
Provision of assistance to local communities and stakeholders near our project area in the ROC continues, via support for the Covid-19 response strategy of the Local
Quarterly cashflow report
The Company will also today lodge its cashflow report for the quarter ended
The Company invested
For further information, please visit www.korepotash.com or contact:
Tel: +27 11 469 9140
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Tel: +44 (0) 20 7920 3150
Canaccord Genuity - Nomad and Broker
Tel: +44 (0) 20 7523 4600
Shore Capital - Joint Broker
Tel: +44 (0) 20 7408 4050
About Kore Potash's Projects
Kore Potash is an advanced stage mineral exploration and development company whose primary asset is 97%-owned interest in the Sintoukola project, a potash project located in the
Sintoukola is located approximately 80 km to the north of the city of Pointe Noire which has a major port facility, and within 30 km of the
The Dougou Extension sylvinite Deposit contains a total sylvinite Mineral Resource Estimate of
The Kola sylvinite Deposit has a Measured and Indicated sylvinite Mineral Resource Estimate of 508 million tonnes grading 35.4% KCl. The results of a Definitive Feasibility Study ("DFS") were announced on
The Dougou Extension and Kola sylvinite Deposits are considered high grade relative to most potash deposits globally and have the advantage of having very low content of insoluble material, less than 0.3% which provides a further processing advantage.
Tenement Details and Ownership
The Company is incorporated and registered in
Table 1: Schedule of mining tenements (
Project & Type
Title Registered to
potassium rights only
potassium rights only
potassium rights only
* these remain unchanged from the quarter ended
This information is provided by RNS, the news service of the
Quick facts: Kore Potash
Market Cap: £15.02 m
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