Kore Potash plc, the potash development company whose flagship asset is the 97%-owned Sintoukola potash project in the Republic of Congo, has provided exploration targets for potential extensions of the Kola and Dougou Extension sylvinite deposits, reported in accordance with the JORC Code (2012 edition).
These exploration targets have been identified as part of the work programme to improve the company’s understanding of both the potential scale and the strategic opportunities presented by the multiple occurrences of potash in the Sintoukola Project area.
- Potential identified to increase the company’s sylvinite deposits to a total of between 1.5 and 1.9 billion t of sylvinite with an average grade of between 34 and 37% KCl.
The exploration targets are as follows:
- ‘Kola South’, the potential southward extension to the Kola Deposit
- 95 to 175 Mt
- average grade of between 34 and 42% KCl,
- ‘DX North’, the potential northward extension to the Dougou Extension Deposit
- 320 to 600 Mt
- average grade of between 30 and 38% KCl,
The potential quantity and grade of an exploration target is conceptual in nature and is an approximation. There has been insufficient exploration at Kola South and DX North to estimate mineral resources and it is uncertain if further exploration will result in the estimation of mineral resources.
The exploration targets are immediately adjacent to the company’s existing sylvinite Mineral Resources which total 1.08 billion t with an average grade of 35.5% KCl at the Kola and Dougou extension deposits.
The exploration targets are within 40 km of the company’s proposed processing and export facility.
Insoluble content of the sylvinite within the exploration targets is expected to be <0.5%, which is extremely low compared to potash industry averages.
Brad Sampson, CEO of Kore, commented: “Quantifying the potential scale of the Sylvinite and Carnallite deposits of the Sintoukola project area is important. It positions the company to assess the strategic options available for these world-class, shallow and high-grade potash deposits while continuing to allow flexibility on the best development pathway for this globally important potash province.”