(Ecofin Agency) - On Monday, August 20, 2018, Kore Potash published the first resource estimation for its Dougou deposit, a body extension to its main Sintoukola (Kola) potash deposit, in which Congo owns 97% of shares. According to the estimations published, the deposit hosts 232 Million tonnes grading 38.1 % KCl (sylvine, a rock comprising mainly potash), including 67 Mt grading 60.1% KCl.  

This new estimation raises the total mining resources of the Kola project to about 1 billion tons. Kore announced that the resources of the Dougou extension can further supply the processing mine to extend the lifetime and/or the scale of the project. The company further explained that it would assess these different options after a definitive feasibility study of Kola deposit.

According to Kore Potash’s CEO Brad Sampson, this deposit is the third one (apart from Kola sylvinite deposit and Dougou carnalite deposit) to be discovered in the framework of the permit granted to his company in Congo and this strengthens his views that “this new basin hosts large globally important, shallow, and high-grade potash deposits”.

“We remain excited with the potential for these deposits to supply potash to African and international agrinutrient markets for multiple generations”, he added.

Let’s remind that Kore Potash is listed on three stock exchanges (ASX, AIM, JSE).