The Company would not be required to contribute to the capital needed to build the project and would retain a 90% equity interest in Kola.
“The DFS for Kola demonstrated that it will have large operating margins and a long project life which is suited to royalty financing."
During their notice period the Company will commence the process to select his replacement and keep the board informed of progress.
Kore Potash continues to communicate constructively with the Minister of Mines to ensure the parties remain fully engaged.
“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.”
Kore Potash has announced its intention to raise a minimum of US$7 million to fund a DFS for the Dougou Extension Sylvenite project.
Kore Potash, the Republic of Congo focused junior has been issued its Certificates of Environmental Compliance for its flagship 97%-owned Sintoukola potash project.
Emmerson Plc, the Moroccan focused potash development company, it has commenced the full Environmental and Social Impact Assessment (ESIA) study for its Khemisset potash project in Northern Morocco.
The Mining Convention covering the proposed staged development of Kore Potash’s Kola and Dougou mining licences has been gazetted into law following ratification by the Parliament of the Republic of the Congo.
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