Western Potash Corp. info
posted on
Feb 18, 2012 12:45AM
We may not make much money, but we sure have a lot of fun!
Western Potash Corp is a Potash Exploration Company focused on building Canada's most efficient Potash Solution Mine. The Company is working toward the completion of a Positive Feasibility Study at its Milestone Project in Saskatchewan, Canada.
Most recently on December 16th, 2011, Western Potash Corp. announced the filing of an updated >delivery of a robust Prefeasibility Study at Milestone. The study was intended to provide a high degree of project definition, building on the Scoping Study completed in 2010. The study confirms that the Milestone Project shows significant positive economics with highlights such as: a NPV at 10% of $4.14 Billion CAD, an asset of sufficient size and grade to support primary and secondary solution mining for more than 40 years at a production rate of 2.8mt/y, and an IRR of 22.7%.
Western Potash Corp.’s land acquisition program has now successfully secured over 2,550 acres at the Company’s preferred plant site location as express in the June 21, 2011 News Release. Securing the plant site location is an important aspect of the Milestone feasibility process as the environmental and regulatory approval processes and project schedules are dependent on it. The site is large enough to house all intended plant site facilities for the contemplated life of the mine.
The Company was granted a Subsurface Mineral Lease on the Milestone Property as expressed in the >Latest Press Release
6.http://www.westernpotash.com/about-potash/solution-mining">Solution Mining
Abe, please do not hesitate to contact us at (604) 689-WEST(9378) with any questions regarding Western Potash Corp. We look forward to speaking with you soon.
Thank you very much,
Angela Aydon
Investor Relations
Western Potash Corp.
Suite 1818 - 701 W. Georgia St.
PO Box 10144, Pacific Centre
Vancouver, BC V7Y 1C6