Kore Potash Limited “Kore” (ASX: K2P) (previously known as Elemental Minerals Limited) is an advanced stage mineral exploration and development company whose primary asset is the 97%-owned Sintoukola Potash Permit on the coast in the Republic of Congo. Kore has three projects at varying development stages within this permit.
Kore recently raised US$45m from the State General Reserve Fund (SGRF), a Sovereign Wealth Fund in Oman and Soceidad Quimaica y Minera (SQM) a New York listed Chilean lithium & potash company to further progress these projects.
Kola is a large sylvinite deposit with a Measured & Indicated Mineral Resource of 573Mt at an average grade 33.13% KCl and is to be mined by conventional underground method. A Mining License and ESIA approval for Kola were granted in August 2013. Kola has the potential to be one of the lowest opex potash mines in the world due to high-grade ore, shallow depth to the potash seams (200-300m) and proximity to the coast. The Company plans to commence its Definitive Feasibility Study (DFS) for Kola in Q1 2017 and complete this by Q2 2018.
The Dougou Deposit is 15km southwest of Kola and is a very large carnallitite deposit with a Measured and Indicated Mineral Resource of 1.1 billion tonnes grading 20.6% KCl. A Scoping Study on the deposit has been completed and indicates that a low capital, low operating cost, quick to production carnallite solution mine could be established at Dougou.
At the Dougou Extension (previously known as Yangala) Prospect, the company drilled two boreholes, both intersecting a sylvinite seam of over 4 m grading between 57% and 60% KCl.
An Exploration Target of 235 to 470Mt grading 55 to 60% KCl was announced on 27th January 2015 for this seam, a candidate for the worlds highest-grade potash seam. The company will test the Exploration Target by drilling 8 drillholes during Q1 and Q2 of 2017.
A Mining License and ESIA approval is anticipated to be received for the Dougou area, including both the Dougou Deposit and the Dougou Extension Prospect, in the first half of 2017.
All our business activities are carried out to world leading standards of honesty and professionalism. We take accountability for our actions.
In everything we do we will show our respect to our colleagues, employees, stakeholders and the community around us. We strive to make the workplace an enjoyable atmosphere, enabling performance excellence.
We empower our employees and stakeholders to be creative in their thinking and actions to keep the Company moving forward. Our aim is to be renowned for solving today’s problems with tomorrows solutions. We promise to always challenge the status quo.
The essence to the achievement of our mission is to work together as a team, to share ideas, responsibilities and create the best solution through working together. We aim to be united as one team with one vision.
Kore Potash is an ASX listed potash exploration and development company. As part of the new strategy the Board decided it was important to move away from the past and focus on the future.
It was therefore felt that the time was right to change the Company name as well as the vision and mission statements. was selected as it more accurately reflected what the Company is about which is ultimately the production of Potash.
In terms of the logo K represents Potassium (a key element of Potash). The K content of the product (Muriate of Potash) is universally expressed as K20. The circle with the dot is taken from the Lewis dot structure for Potassium and “Kore” (at least phonetically), is representative of a cylindrical sample of rock produced by the drilling process.
"From the ground up..." references the mining process of extracting the ore as well as the benefit that crops derive from our product.
Kore is also another name for the Greek Goddess Persephone, the daughter of Zeus, and a goddess of vegetation!