EXPLORATION & DEVELOPMENT

Kore eyes upgrade potential at Sintoukola

Kore Potash (ASX:KP2) believes it could potentially exponentially increase the sylvinite deposits at its Sintoukola potash project in the Republic of Congo.

Staff reporter
Kore will be carrying out further exploration at its flagship Sintoukola project in the Republic of Congo

Kore will be carrying out further exploration at its flagship Sintoukola project in the Republic of Congo

Based on drilling and two-dimensional seismic survey data, it said the Kola and Dougou extension deposits had the potential to be extended by 1.5-1.9 billion tonnes of sylvinite with an average grade of 34-37% potassium chloride, although there had not been enough exploration to determine a mineral resource estimate.

The project has an existing sylvinite resource of 1.08Bt with an average grade of 35.5% potassium chloride.

Looking at the deposits separately, Kola South had the potential to be extended by 95-175 million tonnes at an average grade of 34-42% potassium chloride, while Dougou Extension North had the potential of a 320-600Mt upgrade at an average grade of 30-38% potassium chloride.

Kore said the numbers were conceptual in nature and an approximation and it was also not sure whether further exploration would result in a mineral resource estimate.

The two targets, located immediately adjacent to the existing resource, had been identified as part of the work programme to improve Kore's understanding of the potential scale and the strategic opportunities presented by multiple potash occurrences in the project area.

The news had no positive impact on Kore's stock, with its shares down 2.86% in London Wednesday to 8.5p (US10.88c).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.