Western Potash Corp. (TSX:WPX,FWB:AHE) announced that their updated NI 43-101 Technical Report includes an updated resource estimate, and a summary of the Company’s Pre-Feasibility Study.
As quoted in the press release:
The updated resource estimate slightly increases the Milestone recoverable Potash Resource (Patience Lake, Belle Plaine, and Esterhazy Members including the upper halite interbed) to 66.6 million tonnes of Measured Resource (contained KCl), 186.9 million tonnes of Indicated Resource, and 708.2 million tones of Inferred Resource. Inferred Resource around the Milestone Project plant site land and associated infrastructure have been removed from the estimate. Purchase of the plant site land was announced via news release dated June 21, 2011. Mineral Reserves were not reported within this updated Technical Report. Mineral reserves have not been estimated because the Company is negotiating to obtain mineral leases for all the Freehold mineral rights within the Indicated and Measured resource areas. These negotiations are expected to be completed within the next few months. Mineral reserves will be presented when acquisition of these mineral leases is substantially complete.