Exploration and development company Kore Potash has completed a prefeasibility study (PFS) on the Dougou Extension (DX) project, which has confirmed the district-scale development potential of this potash basin and the standalone commercial viability of the DX project, CEO Brad Sampson says.
Kore’s flagship asset is the 97%-owned Sintoukola potash project, in Congo-Brazzaville.
“The estimated $286-million capital cost to construct the DX project in just 21 months makes it attractive from a capital and near-term cash flow perspective and low operating costs will allow Kore to profitably deliver muriate of potash (MoP) to our target markets.
“Building on the PFS and previously published positive scoping study for the DX project, we can rapidly progress to conducting a definitive feasibility study, which will continue to improve Kore’s understanding of the asset and de-risk the project even further," he notes.