North Rim Exploration completed
Prospect's 43-101 mineral resource report
and calculated an in-situ gross resource of
718 mm tonnes containing 82 mm finished
tonnes of K20. TetraTech completed Prospect's
Preliminary Economic Assessment.
is the primary source of potassium
and predominantly used as an
agricultural fertilizer.
is a Denver-based company engaged in the exploration, development and mining of potash in the Holbrook Basin of eastern Arizona.
Prospect owns a 50% operated interest in approximately 94,000 gross acres of exclusively state and private leases. Due to the relatively shallow depth of the potash, Prospect plans to develop and operate a conventional mine.
We believe that potash exhibits long term global demand strength and limited supply and plan to capitalize on the growing demand of potash in both developed and emerging markets.