Toronto-MagMinerals Potash Corp. has completed a National Instrument 43-101 compliant Technical Scoping Report for the 1,111 square kilometer Makola exploration license on the Atlantic coast of the Republic of Congo. The report, by Ercosplan Ingenieurgesellschaft Geotechnik and Bergbau mbH, estimates inferred resources of 9.2 billion mt of carnallitite at an average K2O grade of 12.1 percent, for a total inferred resource of 1.7 billion mt of potash (KCl). The report also estimates inferred resources of 70 million tons of sylvinite at an average K2O grade of 20.7 percent, for a total inferred resource of 23 million mt of potash (KCl). These sylvinite resources are located in the area of the underground Holle Potash Mine, which produced from 1969 to 1977 and which lies within the Makola exploration license. MagMinerals acquired the Makola exploration license in 2009 through the purchase of all of the shares of Potasse du Congo (PdC), a Congolese company. In addition, PdC holds the Tchizalamou and Loango exploration licenses, which are also undergoing preliminary assessment. The total area of the three PdC exploration licenses (Makola, Tchizalamou, and Loango) is 2,056 square kilometers, all of which is underlain by multiple potash-bearing horizons. The Makola exploration license surrounds the 136 square kilometer Mengo mining license, which is under preliminary development by MagMinerals for a 1.2 million mt per year potash operation.
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