Potash Ridge Corporation (“Potash Ridge” or the “Corporation”) (TSX: PRK) is pleased to announce an update to the independent NI 43-101 Prefeasibility Technical Report (the “January 2017 PFS”) for the Corporation’s Blawn Mountain Project in Utah (“Blawn Mountain”) dated January 18, 2017.
As quoted in the company release:
The January 2017 PFS assumed the production of 232,000 tons per year of potassium sulphate (“SOP”) together with a by-product sulphuric acid from 153.3 million tons of proven and probable alunite reserves. Alumina-rich material was assumed to go into tailings.
This updated NI 43-101 Prefeasibility Technical Report (the “April 2017 PFS”) includes Resources for the alumina from alunite contained in the tailings and was prepared by Millcreek Mining Group and Resource Development Inc.
Based on the April 2017 PFS, Blawn Mountain contains 19.4 million tons of measured and indicated alumina Resources contained in the alunite ore.
The CEO of Potash Ridge Corporation, Guy Bentinck, says:
Blawn Mountain is already a world-class SOP fertilizer project, with a long project life and very low operating costs. The realization of market demand for the alumina contained in our tailings provides tremendous value upside potential and diversity to our revenue stream.