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IN BRIEF: Kore Potash says Kola cost forecast lowered

Mon, 27th Jun 2022 13:02

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Says capital cost at Kola potash project reduced by USD520 million to USD1.83 billion on an engineering, procurement and construction basis, compared to initial definitive feasibility study forecast of USD2.35 billion. Construction period needed lowered to 40 months from 46 months. Net present value at 10% discount increases to USD1.62 billion from USD1.45 billion.

Current stock price in London: 1.17 pence, up 8.8%

12-month change: up 41%

Current stock price in Johannesburg: ZAR0.26

12-month change: up 37%

By Eric Cunha; ericcunha@alliancenews.com

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