18 May 2020
Kore Potash Plc
(“Kore Potash” or the “Company”)
Correction to DX PFS
This is a correction to the announcement ‘Dougou Extension (DX) Project Pre-Feasibility Study’ (“DX PFS”) made on 13 May 2020. It corrects Appendix A Figure 18: DX Project Cash Flow Forecast (real Q4 2019).
Further to the publication of the DX PFS on 13 May 2020, the Company seeks to correct an error contained in a figure published via the Australian Stock Exchange.
Figure 18: DX Project Cash Flow Forecast (real Q4 2019), showed an incorrect revenue profile based on a fixed selling price, whereas the correct information is a price profile based on a forecast selling price over time. The corrected Figure 18 is available in the corrected Dougou Extension (DX) Project Pre-Feasibility document available on the Company website. The remainder of the information in the announcement is correctly portrayed.
For further information, please visit www.korepotash.com or contact:
Brad Sampson – CEO
Tel: +27 11 469 9140
Tel: +44 (0) 20 7920 3150
Canaccord Genuity – Nomad and Broker
Tel: +44 (0) 20 7523 4600
Shore Capital – Joint Broker
Tel: +44 (0) 20 7408 4050