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Kore Potash PLC - DX PFS Correction

RNS Number : 1941N
Kore Potash PLC
18 May 2020
 

18 May 2020

 

Kore Potash Plc

("Kore Potash" or the "Company")

Correction to DX PFS

 

This is a correction to the announcement 'Dougou Extension (DX) Project Pre-Feasibility Study' ("DX PFS") made on 13 May 2020. It corrects Appendix A Figure 18: DX Project Cash Flow Forecast (real Q4 2019).

 

Further to the publication of the DX PFS on 13 May 2020, the Company seeks to correct an error contained in a figure published via the Australian Stock Exchange.

 

Figure 18: DX Project Cash Flow Forecast (real Q4 2019), showed an incorrect revenue profile based on a fixed selling price, whereas the correct information is a price profile based on a forecast selling price over time. The corrected Figure 18 is available in the corrected Dougou Extension (DX) Project Pre-Feasibility document available on the Company website. The remainder of the information in the announcement is correctly portrayed.

 

ENDS

 

For further information, please visit www.korepotash.com or contact:

 

Kore Potash

Brad Sampson - CEO

 

Tel: +27 11 469 9140

Tavistock Communications

Jos Simson

Edward Lee

 

Tel: +44 (0) 20 7920 3150

Canaccord Genuity - Nomad and Broker

James Asensio

Henry Fitzgerald-O'Connor

 

Tel: +44 (0) 20 7523 4600

Shore Capital - Joint Broker

Jerry Keen

Toby Gibbs

James Thomas

 

Tel: +44 (0) 20 7408 4050

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Kore Potash

Price: 0.951

Market: LSE
Market Cap: £15.57 m
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