- Potash development Kore Potash (KP2) has received the green tick from the Government of the Republic of Congo to commence drilling at its DX Project
- Kore Potash has been approved to drill up to five holes at the DX Deposit, which sits in the Dougou Permit area
- The drilling is part of the project’s Definitive Feasibility Study (DFS) and aims to intersect targets potash seams, which are approximately 400 metres below the surface
- Workers have been sent to the site to begin drilling before the end of October
- On market close, Kore Potash is down 7.69 per cent and is trading for 1.2 cents per share
Kore Potash (KP2) has received approval from the Government of the Republic of Congo to begin drilling at its DX Project.
In September, the company submitted a drilling program to the Director General of Tourism and Environment. Kore Potash has since been approved to drill up to five holes within the DX Deposit, which sits within the Dougou Permit area.
The drilling program is for the DX’s Definitive Feasibility Study (DFS) and is designed to improve the confidence in the Mineral Resources and Ore Reserves at the project.
Approximately 400 metres below the surface is expected to be drilled with the program remaining on track to begin works before the end of October.
“We thank the Government of the Republic of the Congo, who continue to actively support the development of the company’s projects in the Sintoukola basin, for reviewing this application and responding quickly, during what is a difficult period for all Governments globally,” Chief Executive Brad Sampson said.
“We have seen improvements in the DX project as each phase of work has progressed, and we are excited to be moving forward with the DFS,” he added.
On market close, Kore Potash is down 7.69 per cent and is trading for 1.2 cents per share.