Kore focusing on pursuing Kola project
London-listed Kore Potash is excited at the opportunity presented by the Summit Consortium potentially financing the construction of the world-class Kola project, in Congo-Brazzaville, CEO Brad Sampson says in a company update.
Kore on April 1 signed a nonbinding memorandum of understanding with Summit Consortium to arrange the total financing required for the construction of the project.
“Our recent fundraise puts Kore on firm financial footing to complete our portion of the work needed on Kola for optimisation and beyond,” Sampson adds.
The company earlier this month announced plans to raise $11-million in a share placement.
Meanwhile, during the quarter ended March 31, work continued on Phase 1 of the definitive feasibility study (DFS) at Kore’s 97%-owned DX project, also in Congo-Brazzaville.
The current Phase 1 work programme of the DX DFS remains planned for completion during May.
Consultants have completed work on the production well specifications, rock mechanics testing, the blanket design to control cavern formation and initial aquifer modelling.
The drilling campaign at DX was completed during the March quarter. Seven diamond drill holes were completed and the company is currently awaiting assay results.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation