Welcome to Elemental Minerals Limited
Elemental Minerals Limited (ASX: ELM) is an advanced stage mineral exploration and development company whose primary asset is the 97%-owned Sintoukola Potash Project in
the Republic of Congo. ELM completed an advanced Pre-Feasibility Study (PFS) on its Kola Project in September 2012, which defined Proven and Probable Reserves of 152 Mt of
sylvinite ore with an average grade of 31.7% KCl. A Mining License and ESIA approval for Kola were granted in August 2013. The PFS has recently been updated by The Phased
Implementation Study which has reduced the initial capital requirement for the project significantly while maintaining low operating costs. The Company plans to commence
its Definitive Feasibility Study (DFS) during 2015.
The Sintoukola Exploration licence (1408 square kilometres) includes the recently announced Dougou carnallite Deposit (1.29 billion tonnes grading 21.7 % KCl) situated 15
kilometres southwest of Kola, and the Yangala sylvinite Prospect to the west of Dougou. At Yangala the Company has drilled two boreholes, both intersecting a seam of over
4m grading between 57 and 60% KCl. In addition, 40km of strike to the northern boundary of the exploration licence is equally prospective based on interpretation of
oil-industry seismic data. The Sintoukola Project has the potential to be among the world’s lowest-cost potash producers and its strategic location near the Congolese coast of
Central West Africa offers a transport cost advantage to key Brazilian and Asian fertilizer markets. Elemental’s management team has a record of bringing quality African mineral
projects to production.