https://www.miningweekly.com
Construction|Design|Financial|PROJECT|Testing|Drilling
Construction|Design|Financial|PROJECT|Testing|Drilling
construction|design|financial|project|testing|drilling

Kore focusing on pursuing Kola project

23rd April 2021

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

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.


 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.116 0.155s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: