DX PFS Correction

RNS Announcement

RNS Number : 1941N

Kore Potash PLC

18 May 2020

Kore Potash Plc

("Kore Potash" or the "Company")

Correction to DX PFS

This is a correction to the announcement 'Dougou Extension (DX) Project Pre-Feasibility Study' ("DX PFS") made on 13 May 2020. It corrects Appendix A Figure 18: DX Project Cash Flow Forecast (real Q4 2019).

Further to the publication of the DX PFS on 13 May 2020, the Company seeks to correct an error contained in a figure published via the Australian Stock Exchange.

Figure 18: DX Project Cash Flow Forecast (real Q4 2019), showed an incorrect revenue profile based on a fixed selling price, whereas the correct information is a price profile based on a forecast selling price over time. The corrected Figure 18 is available in the corrected Dougou Extension (DX) Project Pre-Feasibility document available on the Company website. The remainder of the information in the announcement is correctly portrayed.

ENDS

For further information, please visit www.korepotash.com or contact:

Kore Potash Brad Sampson - CEO		Tel: +27 11 469 9140
Tavistock Communications Jos Simson Edward Lee		Tel: +44 (0) 20 7920 3150
Canaccord Genuity - Nomad and Broker James Asensio Henry Fitzgerald-O'Connor		Tel: +44 (0) 20 7523 4600
Shore Capital - Joint Broker Jerry Keen Toby Gibbs James Thomas		Tel: +44 (0) 20 7408 4050

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END

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RNS metadata

Title: DX PFS Correction
Time: 10:00:02
Date: 18 May 2020
Category: Miscellaneous
ID: 1941N