Kore Potash

Website: www.korepotash.com
Primary ticker: ASX:KP2
Stage of development: Exploration
Primary minerals: Potash
Project to promote: TBA

Live financials

Kore Potash (ASX:K2P) raised US$45m, from SGRF (Oman) and SQM (Chile), to begin the DFS on its 97% owned Kola Project in the Republic of Congo. The deposit consists of 573Mt Sylvinite ore (Measured and Indicated). The DFS will be executed by a Consortium of world class engineering and construction companies (Technip, Vinci, LDA, Egis) and will be completed in Q1 2018 followed by an EPC offer from the Consortium in Q2 2018. It is expected that Kola will be one of the lowest opex potash mines in the world.