Kore Potash Plc (AIM: KP2, ASX: KP2, JSE: KP2) is an advanced stage mineral exploration and development company that 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.
Through the development of the Sintoukola potash basin in the Republic of Congo (RoC), Kore Potash is working to bring a number of globally significant potash deposits into production. Focus is 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.
The Company’s major shareholders include the Sovereign Wealth Fund of Oman (SGRF) and global lithium and potash producer, Sociedad Química y Minera de Chile (SQM). The projects are well supported by the government of the RoC with whom Kore has an excellent relationship.
The Kore Potash logo depicts our purpose; the production of potash
K2O is the formula for potassium oxide: “Kore” (phonetically) is representative of the core of rock extracted by the core drilling process that is an essential part of our exploration and resource work.
The fertility of vegetation: In Greek mythology, Kore is the daughter of Zeus and the personification of vegetation, associated with spring as well as the fertility of vegetation.
From the ground up: Our slogan references the mining process of extracting the ore as well as the benefit that crops derive from the application of potassium.