Kore Potash PLC ( (GB:KP2) ) has issued an update.
Kore Potash has completed an Optimised Definitive Feasibility Study (DFS) for its Kola Project, following the signing of an Engineering, Procurement, and Construction (EPC) contract with PowerChina. The study outlines a 23-year life of mine with a production capacity of 2.2 million tonnes per annum of MoP, and positions Kore Potash as a low-cost producer with a projected average annual EBITDA of approximately US$733 million. The project requires US$2.07 billion in construction capital, and while financing arrangements are underway, they remain non-binding. The project’s strategic location is expected to reduce freight costs and environmental impact, enhancing its appeal in the Brazilian market.
More about Kore Potash PLC
Kore Potash PLC is a potash development company with a 97% ownership stake in the Kola and DX Potash Projects, located in the Sintoukola Basin within the Republic of Congo. The company focuses on producing Muriate of Potash (MoP) and aims to become one of the lowest-cost producers in the global agricultural market, particularly targeting the Brazilian market.
YTD Price Performance: 15.56%
Average Trading Volume: 794,823
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £113.8M
See more data about KP2 stock on TipRanks’ Stock Analysis page.