Dougou Extension sylvinite project, Congo-Brazzaville – update
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 global potash operations.
The project hosts a proven and probable ore reserve of 9.31-million tonnes of sylvinite at an average grade of 35.7% potassium chloride, and a mineral resource of 129-million tonnes at an average grade of 24.9% potassium chloride.
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 over its 12-year mine life.
Selective solution mining and processing technology will be used, resulting in minimal waste brine that will be disposed of into the sea.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The updated prefeasibility study estimates a net present value, at a 10% discount rate, of $275-million and an internal rate of return of 27.3%, with an after-tax payback of 2.9 years from first production.
Capital Expenditure
$315.7-million.
Planned Start/End Date
Not stated.
Latest Developments
Kore remains focused on completing the financing of its other project Kola, and progressing it to construction as soon as possible.
The company is continuing to explore the strategic options available for the DX project.
Key Contracts, Suppliers and Consultants
Agapito Associates (production target).
Contact Details for Project Information
Kore Potash, email info@korepotash.com.
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