JOHANNESBURG (miningweekly.com) – Republic of Congo-focused mineral explorer Kore Potash has announced its intention to list in London by the end of the year.
Kore Potash currently trades on the ASX and plans to seek a listing on the Aim as part of a strategy to increase its share trading liquidity and to capture a greater portion of UK and European investor interest in the company.
Kore Potash’s flagship project is the Kola deposit, located in the company’s 97%-owned Sintoukola potash project, in the Republic of Congo.
A definitive feasibility study (DFS) involving a French consortium, including Technip FMC, Vinci Construction Grands Projets, Egis International and Louis Dreyfus Armateurs, is currently under way at Kola.
The consortium will provide Kore with a fixed-price and binding engineering, procurement and construction proposal for Kola within three months of the completion of the DFS, estimated to be in the third quarter of next year.
The consortium is also contracted to assist Kore with its sourcing of financing.