Projects

Projects

DEPOSIT GEOLOGY

The Sintoukola Permit deposits are located in the Kouilou district of the Republic of Congo (RoC), also known as Congo-Brazzaville. This Permit is situated on the west coast of the African Continent. Potash was first discovered in this region in the 1950’s during the exploration for oil. The potash seams are hosted by the 300-900 m thick Lower Cretaceous aged Loeme Evaporite Formation. These sedimentary evaporite rocks belong to the Congo (Coastal) Basin which extends from the Cabinda enclave of Angola in the south to Gabon in the north approximately 50 km and extends 200-300 km offshore. The evaporites were deposited between 125 and 112 million years ago, ‘proto Atlantic’ sub-sea level basin following the break-up of Gondwana into the Africa and South America continents. The evaporites formed by the seepage of brines over a long period of time into the basin and evaporation resulting in precipitation of a very thick sequence of evaporite minerals, principally halite (NaCl), carnallite (KMgCl3·6H2O) and bischofite (MgCl2·6H2O). The mineral sylvite (KCl), which is important at Kola, forms by replacement of carnallite in certain geological settings within the basin.

OUR PROJECTS

DOUGOU EXTENSION PROSPECT
DOUGOU EXTENSION PROSPECT

Previously known as the Yangala Prospect, Dougou Extension is an early stage exploration opportunity. Several drill holes have been completed by the Company and have intersected Sylvinite of the Hangingwall Seam (4.3 to 4.5 m and 55-60…

DOUGOU PROJECT
DOUGOU PROJECT

The Dougou Deposit is 15km southwest of Kola and is a large, thick Carnallitite deposit with a Measured and Indicated Mineral Resource of 1.1 billion tonnes grading 20.6% KCl. A Scoping Study was completed in February 2015…

KOLA PROJECT
KOLA PROJECT

Kola is Kore’s flagship project and it is the key focus of the Company development strategy with a Measured and Indicated Mineral Sylvinite Resource of 508 million tonnes grading 35.4% KCl. Once operational it’s anticipated to be…

PROJECT STRENGTHS

Demand
The global consumption of potash is forecasted to grow by 60% by 2030 (Fertecon 2015) due to arable land decreasing and food consumption increasing.

Low Operating Costs
The estimated operating costs for Kola once operational is US$100/t CFR granular landed in Brazil, due to low processing costs. Further contributing factors that advantageously influence the opex are the low gas, electricity, water and labour costs in RoC and the planned Company owned export facility and conveyor belt will ensure minimal transport costs as Kola is located approximately 35 km from the coast.

Deposit Capacity
The project pipeline in the Sintoukola Basin ensures that significant future upside remains. The Dougou and Dougou Extension discoveries can support an estimated 5Mtpa MoP production in the long term, with further exploration upside remaining in the area.

Government Support
The Congolese Government is supportive of the development of the Sintoukola Permit and they have demonstrated this through the approval of numerous permits such as the Mining Convention which sets out the fiscal framework for all Kola and Dougou developments, the Kola ESIA and the Kola land acquisition process.

Access to Infrastructure
The geographical location of the Permit is extremely beneficial both in-country and globally as it’s situated 36 km from the coast and 90 km from Pointe Noire which simplifies the logistics required for both the construction…