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Western Potash Receives Key Findings of Updated NI 43-101 Report
VANCOUVER, British Columbia, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that Weste
About this update from Western Resources Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that Western Potash Corp. (“WPC”), the company’s wholly-owned subsidiary, has received key findings from its upcoming NI 43-101 report (“Report”) for its Milestone Phase I Project (“The Phase I Project”) in southern Saskatchewan. The Report is based on the expansion of the mine life from 12 years to 40 years and the update of the mining plan. The technical Report is being prepared by March Consulting Associates Inc. (“March”). March is an engineering and project management provider with extensive experience in delivering mining projects across Saskatchewan. The Phase I Project is the first stage of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. Currently, the total Phase I Project is approximately 78% complete (including engineering, procurement, infrastructure and construction) and awaiting final financing to finish. The initial startup and commissioning of the solution mining is complete and was operated for approximately 18 months, accumulating potash in the crystallization pond. Data and other information obtained from these operations in conjunction with several leading solution mining experts has enabled Western to optimise the Phase I Project solution mining plan to enhance the reliability to meet the target production of 146,000 tonnes per annum (tpa) of granular potash. The mining plan will extract both the Belle Plaine and Patience Lake members from a series of horizontal caverns which have been planned within the unitized area. The reserves within the expanded unitization area are: A proven reserve of 11.7 million tonnes (Mt) at an average grade of 32.4% KCl; A probable reserve of 19.5 Mt at a grade of 33.5% KCl. Cavern losses (10%) and processing recoveries of 95% have been applied to the reserves. The proven and probable reserves within the unitized area are sufficient for a mine life of over 200 years at the target production rate. The project economics are based on an operation period of 40 years at target production. Excess reserves would be available to extend mine life or increase production in the future. The resource estimate (effective the date of this release) within Saskatchewan Subsurface Mineral Lease KLSA...