Legacy Project

NI 43-101 In-Situ 400M tonnes of Potash -Saskatchewan.

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Potash One Profile

Potash One Inc. Vancouver, B.C., TSX : KCL, is a Canadian company engaged in the exploration and development of advanced solution mine amenable potash properties. The company owns 100% of a 97,240 acre Potash Subsurface Exploration Permit in Saskatchewan, Canada (the "Legacy Project").

Potash One is developing the Legacy Project, an advanced stage solution mining potash project in Saskatchewan. The Legacy Potash Project is located about 80 kilometers northwest of Regina and immediately adjacent to Mosaic's Belle Plaine potash solution mine, the largest potash solution mine in the world. The project consists of 97,240 acres of Crown mineral lands held by Subsurface Mineral Permit KP 289.

The Legacy Project positions Potash One as one of the very few public companies with current Potash permits, 43-101 compliant resources and active work programs in the Saskatchewan Potash Basin. It is situated adjacent to the largest potash solution mine in the world (Mosaic's Belle Plaine), in the richest potash basin in the world. Potash One also controls three exploration permits contiguous to the Legacy Project covering ~230,000 acres in areas amenable to solution mining. Vast exposure to this part of the basin has effectively blocked potential junior competitors from gaining the advantages of entering the solution mining market.

Potash One Inc. is a Growth Investment Vehicle

The management of Potash One have had significant successes in the past identifying the upward trends in resource sectors driven by solid fundamental factors. We believe that the potash project in Saskatchewan is our next great find that matches all the key criteria for establishing a strong, growth-oriented resource company.

Potash One is capitalizing on strong potash fundamentals:

  • World population growth
  • Strong income growth worldwide
  • Growing demand for better diets
  • Boom in the biofuels
  • Supply/demand imbalances in the industry

Based on these strong fundamental factors driving the increasing demand for potash use, Potash One has also secured a large potash property that has the following advantages:

  • Proven resource base in Saskatchewan, one of the largest potash resources in the world
  • Immediately adjacent to a producer (Mosaic's Belle Plaine production centre)
  • Same geological setting as above
  • Amenable to solution mining which has low Capex and a minimal environmental impact
  • Existing transportation infrastructure
  • Attractive gross margins

In addition to the strong fundamentals and very attractive property characteristics, Potash One has an experienced corporate and technical management team to build a growing potash operation in Saskatchewan.

The 43-101 compliant Technical Report has estimated the following Indicated and Inferred Mineral Resource for the 97,400 Acre Legacy Project:

  • Indicated Mineral Resource: 36.8 million tonnes of K2O
  • Inferred Mineral Resource: 360.4 million tonnes of K2O

Management believes that solution mining methodology offers a significant competitive edge with lower capex costs and quicker timeline to production than hard rock operations.

Potash One's early entry into the potash industry in 2005 has positioned shareholders to benefit from the growing global demand for food, feed, biofuels; and decreasing arable land - a fundamental trend reinforced by the increasing global wealth and population.

Management most recent success was the development of a TSX and NYSE Arca-listed uranium company which merged with a uranium producer in a deal valued at over $1.8B. President and CEO Paul Matysek has assembled a strong solution mining operational and financial team which continues to grow as it drives the development of the Legacy Project.


Last changed at 03-Sep-2011 01:53AM by AGORACOM-GT