I have made a resource estimation for 5 holes this time. I have...

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