Kanga Potash
Project
Republic of Congo
SARMIN Minerals Exploration ("SME") holds two exclusive exploration licenses Kanga and Loango • The Kanga project has the thickest sequence of minable potash seams ever drilled anywhere in the world, contained within a paleo-embayment in a coastal position with the senior management team that has acquired a wealth of experience in the potash and other industries in the Republic of Congo since 1998. Read more
UNIQUE AND POWERFUL FEATURES
SME holds two exclusive exploration licenses Kanga and Loango covering a total surface area of 760 km2 bordering the sea and 50 km from Pointe-Noire, covering all known locations of onshore ultra-thick seams
An invest opportunity into a truly unique potash deposit
in the Republic of Congo, that will support the development of an industry disruptive, Tier 1 project
Basin-wide modelling identified paleo-embayment of thick potash seams over the project area. The
thickest sequence of minable potash seams
ever drilled anywhere in the world, contained within a paleo-embayment in a coastal position
NI 43-101 compliant Indicated and Inferred Resource in excess of
12Bt carnallite with only 15 km2
(indicated) explored to date and considerable expansion opportunity. In excess of 210 meters of mineable potash contained in 13 mining horizons.
The Project is
significantly advanced with PFS completed by top industry consultants Novopro Projects Inc., Ercosplan and WSP in September 2018. Multiple development options
of 400K tpa, 800K tpa and 2.4M tpa MOP have been assessed, all returning highly compelling economics due to very competitive cash costs and low capex intensity
- Definitive Feasibility Study started in October 2019 with target completion date of June 2020
- Lowest cost FOB OPEX under most scenarios of between $53/ton KCl (2.4M tpa scenario) to $73/ton KCl (400K tpa) due to:
- Access to available low cost gas (under a long term agreement)
- Long cavern life >20 years virtually eliminates the need to drill replacement solution wells during mining operation, thus significantly reducing sustaining capital costs
- Extremely simple logistics via owner operated transhipment jetty at mine gate (very low transportation costs)
- Scalable, de-risked modular approach allowing production increase from 400K tpa to 2.4M tpa with an initial investment of $359M with expansions funded from cash-flow
- Low capital intensity even on initial 400K tpa production based on proximity to coast reducing pipeline costs and reduced drilling requirements to start production from high-grade, ultra thick carnallite seams
- Peak funding requirement of $410M for phased ramp up methodology
- An ESIA Scoping Study undertaken by WSP (Canada) demonstrates Project’s small environmental footprint
- Project will mainly use sea water for all key processes, thus avoiding use of fresh water sources. The process water is generated entirely from the evaporation condensate
- Carnallite seams can be solution mined within an uninhibited area. No issues of concern that relate to the physical, biological or socioeconomical environments have been identified to date
you can read more at www.kangapotash.com