An NI 43-101 compliant technical report was prepared by Foster Wheeler and ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH, effective October 21, 2011. A summary of the Mineral Reserves of the Karnalyte Property identified in the report is as follows:
|
Proven Reserves |
Mineralized Material (million tonnes) |
Average KCl Grade (% KCl) |
Mineable KCl Tonnage (million tonnes) |
|
Total Average Carnallitite |
261.6 |
18.7 |
49.0 |
|
Total Average Sylvinite |
52.7 |
26.3 |
13.9 |
|
Total |
314.3 |
|
62.9 |
|
Probable Reserves |
Mineralized Material (million tonnes) |
Average KCl Grade (% KCl) |
Mineable KCl Tonnage (million tonnes) |
|
Total Average Carnallitite |
416.0 |
18.5 |
77.0 |
|
Total Average Sylvinite |
58.3 |
25.8 |
15.0 |
|
Total |
474.3 |
|
92.0 |
The 43-101 complaint report states that 144 million tonnes of potash product can be extracted and produced from the Project's reserves at 97% KCl and 90% plant efficiency, which suggests a project life of 68 years at a production rate of 2.125 million tonnes per year.
A complete copy of the 43-101 is available at
www.sedar.com.