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KARNALYTE RESOURCES ANNOUNCES SELECTION OF WOOD PLC AS INDEPENDENT LEAD AUTHOR OF UPDATE TO NI 43-101 TECHNICAL REPORT
KARNALYTE RESOURCES ANNOUNCES SELECTION OF WOOD PLC AS INDEPENDENT LEAD AUTHOR OF UPDATE ...
About this update from Karnalyte Resources Inc.
[{"type":"text","content":"\n \n \n \n KARNALYTE RESOURCES ANNOUNCES SELECTION OF WOOD PLC AS INDEPENDENT LEAD AUTHOR OF UPDATE TO NI 43-101 TECHNICAL REPORT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n SASKATOON, SK\n \n ,\n \n Jan. 17, 2022\n \n /CNW/ - Karnalyte Resources Inc. (\"\n \n Karnalyte\n \n \" or the \"\n \n Company\n \n \") (TSX: KRN) is pleased to announce the selection of leading global consulting and engineering company Wood Canada Ltd. (\"\n \n Wood\n \n \") as independent lead author of the Company's planned update to its National Instrument 43-101 technical report (the \"T\n \n echnical Report\n \n \").\n \n \n \n update of bankable feasibility study to be completed\n \n \n \n In light of positive potash market condition developments and in support of continuing efforts to seek and attract investment and strategic partners to the Wynyard Potash Project, Karnalyte is updating its 2016 technical report in accordance with Canadian Securities Administrators' National Instrument 43-101 (\"\n \n NI 43-101\n \n \"). Wood will serve as the primary lead author.\n \n \n The key objectives of the update to the Technical Report are to:\n \n \n \n Update capital cost summaries;\n \n \n Update operating cost summaries;\n \n \n Review and apply Karnalyte's internal cost savings studies; and\n \n \n Update market and economic analysis.\n \n \n \n Wood is a global leader in preparation of NI 43-101 technical reports, and an update will serve as a critical step in developing a strong foundation for Karnalyte's Wynyard Potash Project. Wood has provided services for a range of potash mining companies, including successfully preparing feasibility level studies for various projects in\n \n Saskatchewan\n \n .\n \n \n In addition to Wood, Karnalyte is pleased to report that it has engaged the services of senior advisor ProMine Project Management Ltd., and lead\n \n Brad Straub\n \n , to assist the Company in i...