Business
Correction: Updated DX Pre-Feasibility Study
Correction: Updated DX Pre-Feasibility Study.
About this update from Kore Potash Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1030F\n Kore Potash PLC\n 12 November 2020\n \n \n \n \n 12 November 2020\n \n \n Kore Potash Plc\n \n \n (\"Kore Potash\" or the \"Company\")\n \n \n \n \n \n Correction: \n \n \n Updated Dougou Extension (DX) Pre-Feasibility Study Production Target\n \n \n \n \n \n Kore Potash plc (\"the Company\"), the potash development company with 97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin, would like to clarify a figure from the Updated PFS for the DX Project, announced on 9 November 2020 (RNS number 6393E).\n \n \n Much of the document correctly refers to a production target of 400,000 tonnes per annum (tpa); however there are some instances where the production target is incorrectly stated to be 400,000 kilotonnes per annum (ktpa). In each case this should be 400,000 tonnes per annum (tpa). All other content remains the same. \n \n \n The full corrected announcement is published below. \n \n \n \n \n \n \n \n \n Updated Dougou Extension (DX) Pre-Feasibility Study Production Target\n \n \n \n \n \n Kore Potash plc, the potash development company with 97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located within the Republic of Congo (\"RoC\"), is pleased to announce an update to the Dougou Extension (\"DX\") Pre-Feasibility Study (\"PFS\") published on 13 May 2020 (the \"Original PFS\") following the completion of a review of the Production Target by independent consultants Agapito Incorporated(the \"Updated PFS\"). A summary of the results is presented herein.\n \n \n \n \n \n Highlights:\n \n \n \n \n \n Updated Production Target\n \n \n · \n Kore completed a PFS on the DX Project in \n May 2020 \n and released the key outcomes in \n AIM/JSE/\n ASX release dated \n 13 May 2020\n . The PFS mine schedule was comprised solely of declared \n Sylvin\n i\n te \n Ore Reserves of \n 17.7 Mt at a grade of 41.7% KCl\n . The Ore Reserve estimate for the DX Project is unchanged and all key assumptions and modifying factors remain valid. \n \n \n · \n The process of completing this Updated PFS has involved application of all modifying factors to that portion of Indicated Resources that were not converted to Ore Reserves and to Inferred Resources. Kore has sufficiently advanced all modifying factors on t...