Kore Potash Receives Approval for Dougou Mining Licence

Kore Potash (LSE:KP2,ASX:KP2,JSE:KP2), the potash development company is pleased to announce that the Environmental and Social Impact Assessment (ESIA) for its Dougou Mining Licence has been approved.

Focused on potash exploration in the Republic of Congo, Kore Potash is an advanced stage mineral exploration and development company whose primary asset is its 97 percent owned interest in the Sintoukola project.

As quoted from the press release:

Highlights

• The ESIA for the Dougou Mining Licence was approved by the Minister of Tourism and Environment of the Republic of Congo on 13 July 2018.
• Approval of an ESIA is a prerequisite to commence construction of a mining project in the Republic of Congo.
• The ESIA authorises the development of the potential mining project at the Dougou carnallite Deposit and could be extended in future to include the Dougou Extension sylvinite deposit.
• Permitting for the development of the Dougou Deposits creates potential to utilize potash from these deposits to increase the production rate or extend the project life at the nearby Kola Project, currently the subject of a definitive feasibility study.
• The ESIA approval is granted for a 12-month period and is renewable annually until construction of a project commences.

Approval of the ESIA

The ESIA for the Dougou Mining Licence was approved by the Minister of Tourism and Environment of the Republic of Congo on 13 July 2018. The ESIA is valid for one year and renewable annually until construction of a mine on the licence begins. Approval of an ESIA is a prerequisite for beginning construction of a mining project in the Republic of Congo. The application for the ESIA was submitted on 26 August 2016 to the Minister following approval of the Dougou ESIA terms of reference on 9 June 2016. The ESIA approval covers the potential mining and processing of the Dougou carnallite Deposit, and application may be made in future to include mining and processing of the Dougou extension sylvinite deposit with the approval of the Regulator.