Shares in London-listed Kore Potash soared about 50% on Thursday, after the company provided a further update about the definitive feasibility study (DFS) for its Sintoukola (Kola) potash project, in the Republic of Congo.
The potash explorer and developer said that the French consortium of engineering companies – Technip France, Vinci Construction Grand Projets, Egis International and Louis Dreyfus Armateurs – had delivered the final volume of the DFS documentation and that the company now had a complete set of DFS documents for review.
Kore said that it had started its review of this study and that it would update shareholders further when the DFS was finalised.
Kore’s share price traded at 5.24p each, up about 50% on the previous closing price. Its stock remain well below its 52-week high of 25.51p a share.