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Dougou Extension sylvinite project, Congo-Brazzaville – update

PALLETS OF DRILL CORE FROM THE DX PROJECT

Photo by Kore Potash

16th February 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Dougou Extension (DX) sylvinite project.

Location
Sintoukola basin, Congo-Brazzaville.

Project Owner/s
Mineral exploration and development company Kore Potash.

Project Description
The project will exploit the DX sylvinite mineral resource, a sylvinite deposit with exceptionally high potassium chloride grade, compared with that of global potash operations.

The development of the project is expected to create a low operating-cost potash operation producing an estimated 400 000 t/y of K60 muriate of potash (MoP) over its 30-year mine life.

Production of MoP over the life-of-mine (LoM) is estimated at 12.1-million tonnes.

The production target is based on ore reserves, indicated mineral resources not included in ore reserves, and a portion of the inferred resources totalling no more than 20% of LoM production.

Selective solution mining and processing technology will be used, resulting in minimal waste brine that will be disposed of to the sea.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a net present value, at a 10% discount rate, of $412-million and an internal rate of return of 23.4%, with an after-tax payback of 4.3 years from first production.

Capital Expenditure
$285.9-million.

Planned Start/End Date
The project has an estimated 21-month construction period.

Latest Developments
Kore continues to explore the strategic options available for the project.

Key Contracts, Suppliers and Consultants
Agapito Associates (production target).

Contact Details for Project Information
Kore Potash, email info@korepotash.com.

Edited by Creamer Media Reporter

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