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Focusing on the Dallol Potash Project in Ethiopia

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Message: Re: Emotions and Money --don't mix
1
Oct 03, 2014 08:35AM
4
Oct 03, 2014 10:43AM

Sorry JB, with respect, I believe your math is off re. reserves and minable tonnes as the enclosed presentation from Allana Potash website confirms, however, as iterated by you, there is no doubt about the profitability of the resource operation.

RESERVES AND RESOURCES

As a result of the proposed mine plan and favourable economic results developed in the

Feasibility Study, Measured and Indicated Sylvinite Resources can be upgraded to Proven

and Probable Reserves.

Updated Sylvinite Mineral Resources Estimates effective as of Feb. 2, 2013

All Measured and Indicated Sylvinite Resource material was converted to Reserves and are

summarized below:

Sylvinite Mineral Reserve Estimates effective as of Feb. 2, 2013

RESOURCES TONNES (MT in-situ) KCL (%) KCL (MT)

Measured 115.3 27.8 32.0

Indicated 212.1 28.6 60.7

Inferred 90.8 27.8 25.2

ADDITIONAL RESOURCES

RESERVES MINEABLE TONNES (MT) KCL (%) MOP (MT)

Proven 33.0 28.0 8.2

Probable 60.8 28.8 15.5

TOTAL 23.7

In additional to Sylvinite Reserves and Resources, Allana’s Ethiopian Potash Project boasts

significant carnallite and kainite resources as outlined below (Effective April 17, 2013):

• Meas.+Ind. Kainitite Resource 1,150.5 MT 19.4% KCl

• Meas.+Ind. UC Resource 411.3 MT 17.3% KCl

• Meas.+Ind. LC Resource 557.2 MT 9.2% KCl

4
Oct 05, 2014 01:14PM
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