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KORE POTASH PLC - Change in JSE Sponsor

Release Date: 05/03/2021 09:00
Code(s): KP2     PDF:  
Wrap Text
Change in JSE Sponsor

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”)

                                      Change in JSE Sponsor

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"), announces that
Questco Corporate Advisory Proprietary Limited has been appointed as the Company’s JSE Limited
Sponsor with effect from 5 March 2021.

                                               ENDS

5 March 2021

For further information, please visit www.korepotash.com or contact:

Kore Potash                                            Tel: +44 (0 )20 3963 1776
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

Questco Corporate Advisory – JSE Sponsor               Tel: +27 (11) 011 9208
Mandy Ramsden



About Kore Potash's Projects

Kore Potash is an advanced stage mineral exploration and development company whose primary
asset is 97%-owned interest in the Sintoukola project, a potash project located in the Republic of
Congo. The Sintoukola project comprises the Dougou Extension sylvinite Deposit, the Kola sylvinite
and carnallite Deposits, and the Dougou carnallite Deposit. These deposits are within the Dougou
and Kola Mining Licenses. The Sintoukola project also includes the Sintoukola 2 Exploration License.

Sintoukola is located approximately 80 km to the north of the city of Pointe Noire which has a major
port facility, and within 30 km of the Atlantic coast. Sintoukola has the potential to be among the
world's lowest-cost potash producers and its location near the coast offers a transport cost
advantage to global fertilizer markets.

The Dougou Extension sylvinite Deposit contains a total sylvinite Mineral Resource Estimate of 145
Mt grading 39.7% KCl, hosted by two seams. The results of a Pre- Feasibility Study ("PFS") were
announced on 13 May 2020, which determined Ore Reserves of 17.7 Mt with an average grade of
41.7% KCl. Dougou Extension is located 15 km southwest of Kola. The deposit is open laterally; an
Exploration Target for the northward extension of sylvinite was announced on the 21 November
2018.

The Kola sylvinite Deposit has a Measured and Indicated sylvinite Mineral Resource Estimate of 508
million tonnes grading 35.4% KCl. The results of a Definitive Feasibility Study ("DFS") were
announced on 29 January 2019, which determined Ore Reserves of 152 Mt with an average grade of
32.5% KCl. The deposit is open laterally; an Exploration Target for the Southward extension of
sylvinite was announced on the 21 November 2018.

The Dougou Extension and Kola sylvinite Deposits are considered high grade relative to most potash
deposits globally and have the advantage of having very low content of insoluble material, less than
0.3% which provides a further processing advantage.

Date: 05-03-2021 09:00:00
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