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Kore Potash Plc (ASX:KP2)

ALERT: Price-sensitive ASX Announcement for KP2
Current share price for KP2 : $0.059 -0.002 (-3.28%)+
Announcement
Release
28 Jul 2026 3:57PM
Price at Release
$0.061
Full Release
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Summary
Kore Potash Plc released its Quarterly Activities and Cashflow Report for the period ending 30 June 2026. The company reported that it spent $483,000 on exploration during the quarter, with $480,000 allocated to the Kola Study and $3,000 to the DX DFS Study. Kore Potash ended the quarter with approximately $7.5 million in cash. The report also details the company's ownership structure, with a 97.46% share in Sintoukola Potash SA, which holds the Kola and Dougou Mining Leases in the Republic of Congo. The company continues its focus on completing the financing for the Kola project and has engaged with two parties interested in a potential acquisition, under its Formal Sales Process (FSP). No mining production or construction activities occurred during the quarter. The announcement complies with the Market Abuse Regulation and is released under the ASX Listing Rules.
Key Points
  • Kore Potash spent $483,000 on exploration in the quarter.
  • The company ended the quarter with approximately $7.5 million in cash.
  • Kore Potash holds a 97.46% share in Sintoukola Potash SA.
  • Focus remains on financing the Kola project.
  • Two parties are interested in acquiring Kore Potash under the FSP.
  • No mining production or construction occurred in the quarter.
  • The announcement complies with the Market Abuse Regulation.
  • Report released under ASX Listing Rules.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.