Kore Potash (ASX: K2P) (“Kore” or the “Company”), the potash exploration and development company whose flagship asset is the Kola Project (“Kola” or the “Project”), located in the Company’s 97%-owned Sintoukola Potash Project (SP), in the Republic of Congo (“RoC”), is pleased to provide an update on the progress of its Definitive Feasibility Study (“DFS”) having reached the midway mark of the planned 14 month study (“the Period”).
Sean Bennett, CEO of Kore, commented:
“I am delighted with the progress made in the first half of Kola’s DFS. Pleasingly, at this stage, the DFS remains on budget and on track for completion in the June quarter 2018. Both the Kore team and the engineering and construction teams continue to work well together to identify areas for further capital and operational improvements.
Obviously, there continues to be significant challenges ahead, as one would expect with a project of this scale, and many areas that need further optimisation and design work but overall this has been an excellent start. I look forward to providing further updates as the DFS progresses in the coming months.”