Name of the Project
Sintoukola (Kola) sylvinite project.

Location
The Kola project is located in the Sintoukola potash project, in the Republic of Congo (RoC).

Client
Kore Potash.

Project Description
Sylvinite is a mixture of rock-salt and sylvite (potassium chloride, or KCI) and is the preferred ore for potash production globally.

A 2012 prefeasibility study (PFS) indicated that the project had the potential to be one of the lowest-operating expenditure mines in the world. Kola has a measured and indicated sylvinite mineral resource of 508-million tonnes grading 35.4% KCI.

The PFS proposed the production of two-million tonnes a year of muriate of potash over 23 years using conventional mining methods.

The Kola deposit will be accessed by two 7-m-diameter shafts, each 260 m deep. The intake shaft will include a man-and-material cage, while the exhaust shaft will be equipped with a pocket belt ore-hoisting system.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
The mining convention covering the company’s proposed staged development of the Kola and Dougou mining prospects has been finalised, following ratification by the Parliament of the Republic of Congo.

The gazetting of the mining convention allows for security of title and the right to develop and operate the Kola project, as well as the adjacent Dougou and extension deposits.

Additionally, the mining convention provides enforceability of the key fiscal arrangements for the development and operation of the licences, and strengthened legal protection of the company’s investments in the country through the settlement of disputes by international arbitration.

“This is an exciting milestone, which has been reached at an important time, as Kore works to complete its review of the Kola definitive feasibility study.

“The recent growth in the sylvinite mineral resources and the definition of exploration targets highlights the potential scale and strategic importance of the Sintoukola area,” Kore CEO Brad Sampson has stated.

With the mining convention in place, the company is one step closer to having all the necessary permits and studies in place to start development.

The mining convention, signed between government and Kore in June 2017, was approved by Parliament during the third quarter and gazetted into law on November 29, 2018.

Key Contracts and Suppliers
Technip France, Vinci Construction Grands Projets, Egis International and Louis Dreyfus Armateurs (DFS).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Kore Potash, tel +27 11 469 9140.