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Crystal Peak Minerals Inc.
Summary
| Project: | Sevier Playa | |
|---|---|---|
| Deposit: | Sevier Playa | |
| Location: | United States | |
| Commodities: | Potash | |
| Date: | 1/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-1-2018: Crystal Peak Minerals Inc. announces a Feasibility Study report for its Sevier Playa deposit at the Sevier Playa project. Updated resource/reserve and feasibility study results incl. post-tax NPV (8%) of$730M, IRR of 20.8%. Crystal Peak Mineral | |
| Resources: | (Reserve, P+P): 6.171Mt KsSO4 at project | |
| CP/QP: | [Overall Report]: C. Laxer, D. Bairos, J. Brebner (Novopro Projects Inc.) | |
| ABSTRACT: | Crystal Peak Minerals Inc. (CPM) has been investigating the potash mining potential of the Sevier Playa region located in the central portion of Millard County in Utah in multiple phases leading to the completion of the Feasibility Study (FS) for the Sevier Playa Potash Project (Project). This National Instrument (NI) 43-101 Feasibility Study Technical Report (Technical Report) summarizes the results of the FS. The Project includes the extraction of potassium-bearing brine from the Sevier Playa, targeting production of at least 372,030 short tons (337,500 metric tonnes) of sulfate of potash (SOP) per annum. This equates to a target flow rate and potassium grade target of approximately 30,000 gpm (6,813.8 m3 /h) and 2,240 mg/L respectively. The Project will utilize a series of solar evaporation ponds for the precipitation of potassiumbearing salts, and a Processing Plant for the production of commercial grade SOP. The Mineral Resource potential of this area is significant, with the projected Life of Mine (LoM) for the Project being 30 years. | |
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