Complex mining investments

START-UP - SOP

June 26, 2018

Protocol No. 14-18 / KO of June 26, 2018 of the meeting of the Territorial Commission for the State Expertise of Mineral Reserves of the Department for the North-West Federal District (section of solid minerals and hydrocarbon raw materials, underground facilities and other properties of the subsoil) approved exploratory conditions for calculating reserves of potassium and magnesium salts of the North Krasnoborsky subsoil plot.

Protocol No. 15-18 / KO of June 26, 2018 of the meeting of the Territorial Commission for State Expertise of Mineral Reserves of the Department for the North-West Federal District (solid minerals and hydrocarbons section, underground facilities and other properties of the subsoil) approved reserves in the following categories quantities:

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The same protocol gave the North Krasnoborsky subsoil block a name - the North Krasnoborskoe deposit.

The total raw material potential of the North Krasnoborsky field was 1,082,803 thousand tons.

07.05.2018 in Sondershausen (Germany) was organized by the initiative of K + S Group Company, a tripartite meeting of the managers and specialists of K + S Group Company (Germany), AG Salt Technologies (K-UTEC) ( Germany) and JSC "Complex Mining Investments" (JSC "KGDI") (Russia)
      At the meeting, the parties confirmed their common preliminary interest in the joint development of a project for the study and development of the Northern Krasnoborsk and East Krasnoborsk deposits of polygalite ores, and the development of a premium product, sulphate-potassium fertilizers, on their raw materials base.
     K-UTEC has confirmed that it has experience in developing technology, geology, economics, ecology for such assets and has an appropriate pilot plant base, and tends to a positive assessment of the geological, technological and economic factors of the Krasnoborsky polygalite ore project.
      And K + S Group Company announced its current search for an asset for SOP production and reported that, after studying by K + S specialists together with specialists of K-UTEC, provided to JSC "KGDI" all available information on geology, technology, economics of the project with a field visit to the Kaliningrad region to inspect wells and cores, will formulate their conclusions about the quality of the asset and provide their assessment and calculations for further development of the FS phase of the project.

30.05.2018

In the 2nd quarter of 2018, work was completed on the preparation of a geological report on the results of the “SEARCH AND ESTIMATION WORKS ON THE POTASSIUM MAGNEYE SALT ON THE NORTH KRASNOBORSKY NEDR” site and on the preparation of a feasibility study on temporary exploration standards and the production of the monopoly flamethroughs. Krasnoborsky subsoil plot. The prepared materials passed the state expert commission created by the order of the St. Petersburg branch of the FBU "GKZ" dated 05.14.2018 No. SP-0-9 / 20-org and supplement 30.05.2018 No. SP-01-9 / 28-org.

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