OUR PROJECT
RESOURCE STATEMENT
A total of ca. 12Bt of resources at Kanga is complimented by a further ca. 13Bt at Loango, which makes it one of the largest potash projects recently discovered
Exploration results confirm the Kanga licence has the thickest potash seams’ sequence ever drilled
- To confirm solution mining parameters selected core samples from all exploration wells were analysed in accordance to NI 43-101 requirements
- Geo-chemical assays (K-UTEC)
- Dissolution test work (Novopro)
- Cavern Temperature modelling (Rembe Consulting)
- Rock Mechanics and associated modelling (IFG)
- Control analysis of check samples (SRC)
- Assays from all exploration wells confirm:
- Excellent correlation between all exploration holes and historic reference wells showing flat-lying, continuous potash seams
- Overall mineable thickness in excess of 210 meters at 62% average carnallite grade (KCl 17.5 % eqv.)
- 13 mining horizons identified between 300 and 1100 meters from surface
- Caverns have a life span of 20 years substantially reducing sustaining capital costs
- The resource could easily allow expansion beyond 2.4M tpa to satisfy increasing market demand
DFS RESULTS
- Due to ultra-thick seams, a mine plan and on the basis of the exploration wells completed a 30-year mine plan was developed
- The production of 600K tpa requires starting with c. 43 single well caverns
- The total number of caverns (including spare caverns) will increase to 70 caverns until Year 10
- After Year 10 no new wells need to be drilled for a 30-year lifetime project
- The cavern/pillar configuration shown, maximizes the yield of the selected deposit horizons
- Kanga Potash’s attractive geology and coastal infrastructure settings lead to attractive CAPEX of c. $457m for the initial 600K tpa module
- Globally lowest full cash operating costs cost of c. $66 per ton MOP (600K tpa) FOB
- Kanga Potash’s OPEX will potentially go down to $54 per ton when operating at 2.4M tpa