Kore Potash Plc (ASX:KP2)
Kore Potash Plc (ASX:KP2) is an advanced stage mineral exploration and development company working to bring a number of globally significant potash deposits into production.
Through the development of the Sintoukola potash basin in the Republic of Congo (RoC), Kore Potash is focused on two high-grade projects: Kola and DX.
The Company aims to move quickly to cash generation from the DX project, which has a modest capital cost and planned production of 400,000 tonnes per annum of Muriate of Potash and its adjacent potash projects provide the potential for long-term potash production district from the area. Kola is scheduled to follow DX in the Company's development strategy, with a planned production of 2.2 million tonnes per annum of Muriate of Potash over 33 year life.
Kore's projects aim to be among the world's lowest-cost potash producers due to their favourable location, large size, very high-grade and shallow depth of the deposits.
Kore Potash Plc is incorporated in England and Wales and listed on AIM, a market operated by the London Stock Exchange, the Australian Securities Exchange (ASX) and the JSE Limited (JSE) in South Africa.