K2P kore potash limited

res.estimation for 5 holes over 13mt measured

  1. 6,317 Posts.
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    I have made a resource estimation for 5 holes this time. I have also exluded some sylvinite horizons which are not mineable.

    The total measured resource size of EK-01, EK-04, EK-05, EK-06 and EK-12 is calculated details shown on below table.

    Measured Resource (5 holes): 13.25mt @29.06% KCl grade.
    Measured Resource (16 holes): 33.386mt @29.55% KCl grade.


    No ones pays attention I think, that STB's measured resource is only 6.2mt against ELM's 13.25 on 5 holes and over 33mt on 16 holes. Also, the ave. KCL of ELM is ~29.55%, while STB's ave. grade is ~18.58%.

    Kola resource looks very good because of the high grade and thick layers below.

    EK-01 ... 2.43mt measured
    EK-12 ... 2.59mt measured
    EK-05 ... 2.85mt measured
    EK-04 ... 2.03mt measured
    EK-06 ... 3.35mt measured
    ------------------------------------------------
    Total .. 13.25mt measured for 5 holes

    These grades and thicknesses are definitely world class. The good thing with all these high grade layers, they are more than 3m thick which is a very good for underground mining.

    - The resource on 3 Holes; EK-02, EK-03 and AK-16 are considered as zero.
    - The holes which the assay results have not been announced yet, are calculated similar to the adjancent hole results.
    - A recovery rate will be calculated for u/g mining.
    - Measured resource hole radius is taken as 500m.

    This is not an official estimation. I have made it as my own work to understand the size of the resource. I just wanted to share it with you. That's all. We can discuss those results. Any critics welcome.

    Cheers

 
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