Kola Sylvinite Potash Project, Congo

The Kola project located in the Republic of Congo has a measured and indicated resources of 573 million tonnes at 20.9% potassium oxide and proven and probable reserves of 152 million tonnes at 20% potassium oxide. Elemental's phased implementation update on its Kola Project reconfigures the project to incorporate a phase production, ramp-up and incorporates build, own operate and maintenance methods. The phased implementation update estimates capital expenditure for Phase 1 at $907.7 million. Phase 2 is estimated at $683.5 million. The exact co-ordinates are currently not available however the approximate area of location is lat: -3.8438796; long: 12.06975435.