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The Cerrado Verde Potash Project has gone through National Instrument (NI) 43-101 compliant measured, indicated and inferred mineral resource estimation by Andes Mining Services Ltd. (AMS).

A combined mineral resource statement that incorporates previously reported mineral resources completed by SRK Consulting has been prepared for the Cerrado Verde Project. A combined Measured and Indicated mineral resource of 1,472Mt at 9.28% K2O (using a 7.5% K2O cut-off) and an Inferred mineral resource of 1,850Mt at 8.60% K2O (using a 7.5% K2O cut-off grade) are reported for the Cerrado Verde Project.

The Cerrado Verde Project mineral resource estimate is based on 435 drill holes (26,609m) drilled at a nominal spacing of approximately 200m by 200m. A total of 420 reverse circulation drill holes (25,563m) and 15 diamond drill holes (1,046m) have been completed.


Measured, Indicated and Inferred Mineral Resource Grade Tonnage Report (AMS & SRK Consulting)

Ordinary Kriging (OK) & Inverse Distance Weighting With Power Two (IDW2)*

(Block Model – 50mE X 50mN X 5mRL / 10mRL)*

Target

Cut-Off (% K2O)

Tonnes (Mt)

Average Grade (% K2O)

Measured Resource Category

Target 7

7.5

83

10.13

Total Measured

83

10.13

Indicated Resource Category

Target 6

7.5

23

8.83

Target 7

7.5

1,366

9.24

Total Indicated

1,389

9.23

Total Measured & Indicated

1,472

9.28

Target 1

7.5

236

8.72

Target 2

7.5

12

8.54

Target 3

7.5

126

8.72

Target 4

7.5

147

9.03

Target 5

7.5

27

8.31

Target 6

7.5

48

8.84

Target 7

7.5

305

8.89

Target 11

7.5

47

8.27

Target 13

7.5

168

8.50

Target 14

7.5

325

8.65

Target 16

7.5

257

8.15

Target 17

7.5

151

8.19

Total Inferred

1,850

8.60

*Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The full detailed report is disclosed on SEDAR or can be downloaded here.

 

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