20 August - Highlights Total sylvinite Mineral Resources at...

20 August - Highlights

• Total sylvinite Mineral Resources at Dougou Extension of 232 Mt of sylvinite grading 38.1% KCl,

comprised of:
▪ Indicated Mineral Resource of 111 Mt sylvinite grading 37.2% KCl, and
▪ Inferred Mineral Resource of 121 Mt sylvinite grading 38.9 %KCl.

• The Deposit is contained within two horizontal or gently dipping sylvinite seams, the Hangingwall

Seam (HWS) and the Top Seam (TS). The Hangingwall Seam is very high grade, containing 67
Mt grading 60.1% KCl.

• Dougou Extension is the Company’s third potash Deposit along with the Kola sylvinite Deposit

and the Dougou carnallite Deposit and takes Kore’s total sylvanite Mineral Resource to 1 billion
tonnes

• The shallow seams within this new Deposit are 310 metres and 490 metres below surface and

are situated at the southern end of an area approximately 30 km long and up to 12 km wide, that
remains prospective for additional sylvinite mineralisation (Figure 1).

• The Deposit is situated 15 km from the Company’s planned processing and export facility for

the Kola Project, on the Atlantic coast. The sylvinite has extremely low amounts of insoluble
material and magnesium, less than 0.3% and 0.1% respectively, which is advantageous for low
cost Muriate of Potash (MoP) production.

• This Deposit adds to the Company’s Kola sylvinite Deposit, increasing the Company’s total

sylvinite Mineral Resources by 27% to 1.08 billion tonnes with an average grade of 35.5%
KCl (Table 4).

• The Dougou Extension Mineral Resource has potential to provide additional feed to increase the

processing life at the planned Kola Project and/or to contribute to an increase in scale of the
Kola project. These options are planned to be assessed by the Company following completion of
the Kola Definitive Feasibility Study
28 August - Highlights

• The ESIA for the Dougou Mining Licence was approved by the Minister of Tourism and

Environment of the Republic of Congo on 13 July 2018.

• Approval of an ESIA is a prerequisite to commence construction of a mining project in

the Republic of Congo.

• The ESIA authorises the development of the potential mining project at the Dougou

carnallite Deposit and could be extended in future to include the Dougou Extension
sylvinite Deposit.

• Permitting for the development of the Dougou Deposits creates potential to utilise

potash from these deposits to increase the production rate or extend the project life at
the nearby Kola Project, currently the subject of a Definitive Feasibility Study.

• The ESIA approval is granted for a 12-month period and is renewable annually until

construction of a project commences.
13 September - Highlights

• A licence for the Company to use an Offshore Area for the transhipment of potash and

the discharge of waste brine has been authorised by the Minister of Transport, Civil
Aviation and Merchant Marine of the Republic of Congo (the “Maritime Authorisation”.

• The licence approves the transhipment location in what is considered the optimum

location.

• This Maritime Authorisation is one of the pre-requisites to commencement of

construction of offshore infrastructure in the Republic of Congo.

• This Maritime Authorisation relates to the Kola Project and to the Dougou and Dougou

Extension Projects, is granted for twenty-five (25) years and renewable for the life of the
projects.

• This Authorisation represents another important step forward towards the development

of the Kola Project.