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.

Updated information on the DX Project has confirmed the project as a financially attractive, low capital cost project with a shorter construction period than Kola.

The project has a proven and probable ore reserve of 9.31-million tonnes sylvinite at an average grade of 35.7% potassium chloride, and mineral resources of 129-million tonnes at an average grade of 24.9% potassium chloride.

Production is estimated at 15.5-million tonnes of sylvinite at a grade of 30.63 % potassium chloride demonstrating an initial project life of 12 years at a production rate of 400 000 t/y of muriate of potash (MoP).

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 10% discount rate, of $275-million and an internal rate of return of 27% at  a life-of-project average granular MoP price of $450/t, with payback estimated at 2.9 years after tax from first production.

Capital Expenditure
$285.9-million.

Planned Start/End Date
Not stated.

Latest Developments
Kore remains focused on completing the financing of Kola and progressing towards to construction of the project as soon as possible.

It is also exploring what strategic options are available for the DX project, including a potential sale.

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

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