Name of the Project
Sintoukola (Kola) sylvinite project.

Location
The Kola project is located in the Sintoukola potash project, in the Republic of Congo (RoC).

Client
Kore Potash.

Project Description
Sylvinite is a mixture of rock-salt and sylvite (potassium chloride) and is the preferred ore for potash production globally.

A 2012 prefeasibility study (PFS) indicated that the project had the potential to be one of the lowest-operating expenditure mines in the world. Kola has a measured and indicated sylvinite mineral resource of 508-million tonnes grading 35.4% potassium chloride.

The PFS proposed the production of two-million tonnes a year of muriate of potash over 23 years using conventional mining methods.

The Kola deposit will be accessed by two 7-m-diameter shafts each 260 m deep. The intake shaft will include a man-and-material cage, while the exhaust shaft will be equipped with a pocket belt ore-hoisting system.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
Kore Potash has received approval for a licence for the transshipment of potash and the discharge of waste brine in a dedicated offshore area of the Sintoukola potash project.

The Maritime Authorisation Licence – one of the prerequisites to begin construction of offshore infrastructure in the RoC – was authorised by the Minister of Transport, Civil Aviation and Merchant Marine, and issued to the company on September 6.

The licence covers the Kola, Dougou and Dougou extension projects and is valid for 25 years and renewable for the life of the projects.

The footprint of the allocated maritime public domain for transshipment is situated at the Tchiboula coastal area and 11 nautical miles offshore, immediately south of the Dougou mining licence.

This authorisation represents another important step forward towards the development of the Kola project, approving the optimum location for the transshipment of potash onto ocean-going vessels, and permitting the use of ocean water for waste brine dilution and, combined with other licences, ocean disposal of the waste brine.

In addition to the benefits of transshipment permissions, permission to build and operate a dedicated jetty is vital to optimising the operating costs of the project, Kore Potash CEO Brad Sampson has said.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Kore Potash, tel +27 11 469 9140.