FROM THE GROUND UP

Potash is the vital plant nutrient required to improve and protect crop yields and sustainably feed the world

Meeting global demand

High yield farming, enabled by potash fertilisers, is crucial to meet the demands of a growing global population

Our projects

Kore has identified significant potash deposits with district scale potential at its Sintoukola licence

Objective

Kore Potash is focused on bringing its world-class potash projects into production for the benefit of all stakeholders. Kore’s Sintoukola district is a globally significant potash basin in the Republic of the Congo, with extremely high grade deposits at shallow depth located in close proximity to the coast.

This new potash basin is strategically located close to growing African and South American markets and will provide an important new source of potash fertiliser, helping to meet the food needs of a growing global population.

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OUR
PROJECTS

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Republic of the Congo

Operating environment

The Republic of the Congo, also known as Congo-Brazzaville, is a central African country with a population of approximately five million. It is bordered by five separate countries, one of which is the Democratic Republic of the Congo (DRC) situated to the east. Congo-Brazzaville was formerly colonised by France and after gaining independence in 1960 the country officially became the Republic of the Congo (RoC).

“Our projects will have very low costs of production and long lives. They will have both a positive impact on the local community in the RoC and also the global agriculture industry by helping to feed the world’s population for multiple generations.”

Brad Sampson
Chief Executive Officer

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At a glance

Kore has globally significant potash deposits in the Republic of the Congo and intends to be one of the lowest cost suppliers of potash globally.

50%

The world will need to grow 50% more food by 2050 to feed an anticipated population of 9 billion

86%

Muriate of Potash (MoP) is the dominant potash fertiliser product with an 86% market share

21 months

The first project in the pipeline, DX, can be brought into commercial production after 21 months of construction

US$114/t

Kore has the potential to be one of the lowest cost operations

DX project

With Mineral Resource grades of between 57 and 60% KCl, the DX sylvinite project is a candidate for the world’s highest grade potash project. With these grades, a low capital cost to build, and a short time to production, DX stands out as the most rapid pathway to cash generation for the Company.

Kola project

Kola is Kore’s largest project. Kola is scheduled to follow DX in the Company’s development strategy, with a Measured and Indicated Mineral Resource of 508 Mt grading 35.4% KCl.

Latest company news

Change in Non-Executive Director
24 November 2020
Appendix 3Z - Final Director’s Interest Notice - José Antonio Merino
24 November 2020
Appendix 3X - Initial Director’s Interest Notice – Trinidad Maria Reyes Perez
24 November 2020
Correction: Updated Dougou Extension (DX) Pre-Feasibility Study Production Target
12 November 2020
Align Research - Rapid progress to second phase of DFS and a 29% higher NPV
09 November 2020
Updated Dougou Extension (DX) Pre-Feasibility Study Production Target
09 November 2020
CDI Monthly Movement
05 November 2020
Review of Operations for the Quarter ended 30 September 2020
27 October 2020

Sustainability

Feeding the world’s growing population as arable land declines requires increasing the application of fertiliser. Potassium (from potash) is a crucial nutrient, essential for high quality and high yield food production.

Kore’s operations are between 13 and 35km from the coast, at shallow depths of between 200 to 400m and logistically well situated for the key export markets of Brazil and West Coast of Africa. The projects benefit from short transport distances to market and a reduced environmental impact in comparison to existing potash producers in other countries. The deposit geology is low risk and capable of exploitation via conventional potash industry techniques. The construction and operation phases will contribute significantly to local employment and development.

Kore is engaged with the local community in the Sintoukola district and supports various initiatives within the RoC, including local schools, water collection and working with local farmers to help improve their agricultural practice.