- Potash development company Kore Potash (KP2) has commenced the definitive feasibility study (DFS) for its DX Project in the Republic of Congo
- Kore believes DX is one of the highest grade undeveloped potash deposits known globally
- The DFS is split up in two parts, with phase one focussed on further drilling work on five new holes
- The crew are currently arriving at DX and will commence drilling in October with completion expected by May 2021
- On market close Kore remains steady and is trading for 1.4 cents per share
Potash development company Kore Potash (KP2) has commenced the definitive feasibility study (DFS) for its DX Project in the Republic of Congo.
Kore believes DX is one of the highest grade undeveloped potash deposits known globally and could potentially have the lowest operating costs per tonne of potassium fertiliser.
The DFS is split up into two phases with phase one focussed on further drilling work to define measured mineral resources and proved and probable ore reserves. This phase will assist the company’s funding plans and development of DX.
The company has now commenced phase one of the DFS and the crew are currently arriving and will commence drilling in October with completion expected in May 2021.
Chief Executive, Brad Sampson, is pleased that the DFS has commenced.
“This is another important milestone towards bringing the DX project into production as a low cost potash producer at a time when demand for potash continues to grow,” he said.
“As we complete the constituent parts of the DFS and beyond, Kore gets closer to constructing its projects. Whilst this is a several years-long endeavour for any mine of this scale, I am confident that we will deliver for shareholders, employees,
and all Republic of the Congo stakeholders,” he added.
A number of international consultants have been approached to support the environmental and technical aspects of the DFS
On market close Kore remains steady and is trading for 1.4 cents per share.