DX PFS Correction, Kore Potash PLC, 2020-05-18
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.
ENDS
For further information, please visit www.korepotash.com or contact:
Kore Potash Brad Sampson – CEO |
| Tel: +27 11 469 9140 |
Tavistock Communications Jos Simson Edward Lee |
| Tel: +44 (0) 20 7920 3150 |
Canaccord Genuity – Nomad and Broker James Asensio Henry Fitzgerald-O’Connor |
| Tel: +44 (0) 20 7523 4600 |
Shore Capital – Joint Broker Jerry Keen Toby Gibbs James Thomas |
| Tel: +44 (0) 20 7408 4050 |
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