
Kanga Potash Convention Signing
Kanga Potash and Republic of Congo Conclude 25-Year Mining Convention, Paving the Way for Transformation in Resource Development Brazzaville, The Republic of Congo- August 18, 2023
Kanga Potash (“KP”) is advancing its world-class and low-cost potash project in the Republic of Congo
Unique, industry disruptive Tier 1 project with exceptional geology and location
Strong infrastructure with a coastal location allowing direct loading from a proposed transhipment jetty, good road infrastructure and long-term natural gas supply
DFS completed and entering pre-construction phase
A modular approach allows low CAPEX intensity and low OPEX entry with an anticipated initial 600K tpa MOP scalable to 2.4M tpa MOP or more
Estimated CAPEX of $457M and FOB OPEX of FOB $66 per tonne for 600K tpa MOP production
The Kanga project is one of the most competitive MOP projects globally
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Increasing world population, decreasing arable land and increased diet changes
Polarized geopolitics
Potash is the lowest GHG emission fertilizer
No CO₂ or N²O release upon application
No waterways pollution
DFS completed (October 2020)
ESIA approval received (March 2021)
Mining exploitation license granted (June 2022)
Mining convention imminent (Q4 2022)
$46m applied on Kanga Potash by its shareholders at the bottom of the cycle
Kanga Potash is geared to capture the upside of the super cycle
Lowest OPEX in the world
Low capex intensity
Attractive logistics
Scalable to Tier-1 asset
Kanga Potash is on the coast: Mine gate cost = FOB cost
Billions of tons of proven recoverable reserves
It is vital that the world develops new fertiliser resources to meet the existential need to feed a growing world population
• High environmental standards
• Rising global food demand
• Involvement of community
• Local work force
• Management team Partners
• Port facilities
• Road
• Natural gas pipeline
• Government (regulation and tax regime)
• Off-takers Suppliers
• Equity
• Project Finance
• Off-take deals
High environmental standards
Rising global food demand
Involvement of community
Local work force
Management team Partners
Government (regulation and tax regime)
Off-takers Suppliers
Port facilities
Road
Natural gas pipeline
Equity
Project Finance
Off-take deals
Worlds thickest drilled potash seams
Kanga Potash and Republic of Congo Conclude 25-Year Mining Convention, Paving the Way for Transformation in Resource Development Brazzaville, The Republic of Congo- August 18, 2023
Production licence granted for development of thickest potash seams ever drilled Kanga Potash (“KP”), a world class, low-cost potash project developer operating in the Republic
SME Completes DFS First in Class Project Confirmed SARMIN MINERAL EXPLORATION (SME) a Mauritius based company owned by SARMIN MINING INC. (SMI) and the Luxembourg
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