POTASH: Cerrado Verde resource nears 1.5B tonnes

BRAZIL – Verde Potash of Toronto has increased the measured and indicated resources at its Cerrado Verde project in the Minas Gerais state to 1.47 billion tonnes at a grade of 9.2% K₂O, almost all of which was recently upgraded from inferred to measured and indicated. The revised inferred resource contains 1.85 billion tonnes grading 8.6% K₂O.

Verde Potash is working on the definitive feasibility study for the project. A 1,000-t/d processing plant with a flexible flowsheet is planned. Phase one would produce ThermoPotash, a non-chloride, multi-nutrient product suitable for Brazil's acidic soils. Phase two would see the production of potassium chloride and sulfate of potash for the international marketplace.

Additional information about the Cerrado Verde project is available at VerdePotash.com in the corporate presentation.