FMJ fortis mining limited

Lets focus solely on the best deposit Fortis is acquiring here,...

  1. 346 Posts.

    Lets focus solely on the best deposit Fortis is acquiring here, Chelkar.

    Chelkar has a Soviet classified resource, not yet JORC, of 1,500Mt at 26-30%K2O (or 42-48%KCl), containing 390-450Mt K2O.

    BHP's Jansen project in Saskatchewan has a resource of 3,250Mt at 25% K2O (source: BHP 2010 Annual Report), containing ~825Mt K2O.

    Thus it appears from the above and from a resource point of view, that Chelkar is circa half the size of Jansen!

    Another comparison is Elemental's Sintoukola Project in Congo, where Elemental is targeting a contained resource of 170-300Mt (at a grade of 23-25% K2O).

    Another comparison is STB's Colluli deposit, which has a JORC resource of 547Mt at 18.5% KCl (11.5% K2O equiv), containing 101Mt of potash in KCl type. Total target at Colluli is 750-1,250Mt at 18-20% KCl (11-12% K2O equiv)

    DYOR.
 
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