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KORE POTASH PLC - Correspondence received from Minister of Mines

Release Date: 14/12/2020 09:00
Code(s): KP2     PDF:  
Wrap Text
Correspondence received from Minister of Mines

Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code:KP2
ISIN: GB00BYP2QJ94
(“Kore Potash” or the “Company”)

                         Correspondence received from Minister of Mines

Kore Potash, the potash development company with 97%-ownership of the Kola and DX Potash
Projects in the Sintoukola Basin, located within the Republic of Congo (“RoC”), advises that its local
subsidiary has received correspondence from the Minister of Mines of the RoC (the “Minister of
Mines”) expressing disappointment at the speed of progress on the development of the projects in
the Sintoukola Basin and questioning compliance with the Company’s obligations to the Government.

The Company is progressing the development of the DX and Kola projects towards production,
continues to comply with its obligations to the Government of the RoC and has kept the Minister of
Mines briefed on the Company’s plans and progress.

Kore Potash continues to communicate constructively and openly with the Minister of Mines to ensure
the parties remain fully engaged as Kore Potash progresses the development of its projects.

This announcement has been approved by the Board of Kore Potash plc.

14 December 2020
JSE Sponsor: Rencap Securities (Pty) Limited
                                                END
               For further information, please visit www.korepotash.com or contact:

  Kore Potash                                                     Tel: +27 11 469 9140
  Brad Sampson – CEO


  Tavistock Communications                                        Tel: +44 (0) 20 7920 3150
  Jos Simson
  Edward Lee

  Canaccord Genuity – Nomad and Broker                            Tel: +44 (0) 20 7523 4600
  James Asensio
  Henry Fitzgerald-O’Connor

  Shore Capital – Joint Broker                                    Tel: +44 (0) 20 7408 4050
  Jerry Keen
  Toby Gibbs
  James Thomas

Date: 14-12-2020 09:00:00
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