Once operational Kola is anticipated to be one of the lowest cost MoP producers globally

Kola project animation

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.


Once operational it is anticipated to be one of the lowest cost MoP producers globally. The projected operating cost of approximately US$102/t cfr granular is supported by fundamental geological and geographical factors. The key factors that influence the OPEX are:

  • Shipping costs from export facility to Brazil are low due to directness of shipping route, resulting in the
    cheapest viable source of potash to Brazil.
  • Lower mining costs due to the comparatively shallow depth of the ore body (260 m to shaft bottom) and
    competitively high grade (35% KCl)
  • Lower mining costs limited roof support required (due to low insoluble in ore body)
  • Low insoluble content of the ore body reduces processing costs (0.3% insoluble content)
  • Proximity of the ore body to the export facility (35 km)
  • Brine dispersal directly into the ocean, negating the need for a surface tailings storage facility
  • Abundant water supply available at an attractive cost
  • Competitive gas and power costs due to local availability
  • Ease of doing business and attractive fiscal terms in the RoC
Kola Sylvinite is a Tier 1 asset with long-life production potential
  • 2.2Mtpa MoP production over 33 year life
High quality deposit
  • Shallow, high grade with very low insolubles
  • Close to coast with access to infrastructure
Industry’s lowest operating cost
  • US$102/t MoP CFR delivered to Brazil
Development ready
  • Mining Convention approved (2018)
  • 25 year ESIA approved 31 March 2020
Optimisation of capital cost and construction schedule in progress
  • Four year construction period
  • US$2.1bn initial capex
  • US$400m capex reduction identified by FC

Kola configuration

The Kola DFS was completed in Q1 2019, construction is planned only once DX is operational. Start of construction is forecast Q2 2019.

The scope of the DFS covers:
  • The underground mine design
  • A service and an intake air shaft
  • An ore hoisting and exhaust shaft
  • Mine surface facilities
  • A 35 km overland conveyor from the mine to the process plant
  • A processing plant producing 2.2mt/a MoP
  • A product export facility
  • Dedicated product export jetty
  • A transshipment zone
  • Overhead power lines
  • Gas pipeline
  • Employee facilities
  • Road infrastructure upgrades
Geology of Kola

The Kola Sylvinite Deposit is hosted by flat or gently dipping seams at depths of between 180 and 300 m below surface, present over an area of approximately 12 by 8 km. The most important seams at Kola are the Upper and Lower Seams which have an average grade of 36 and 31% KCl respectively and are 4 m thick (average). These seams are separated by 3-4 m of rock salt.

The Hangingwall Seam is less extensive but important as it averages 59% KCl, possibly the highest grading potash seam on earth. The deposit is open laterally, recent drilling suggests potential for expansion several km to the southeast.

For greater detail readers should refer the announcement dated 6 July 2017 titled ‘Updated Mineral Resource for the Kola Sylvinite Deposit


Kola DFS Presentation
Kola PFS Report 2012
Kola Resource Update

Once operational Kola is anticipated to be one of the lowest cost MoP producers globally.