Welcome to Elemental Minerals Limited
Elemental Minerals Limited is a mineral exploration and development company listed
on the Australian Stock Exchange and the Toronto Stock Exchange (ELM). The company
is focused on its 93% owned Sintoukola Potash Project which is currently undergoing
a Prefeasibility Study with the aim of completing the Definitive Feasibility Study
(DFS) in Q1, 2013. Production is due to commence in 2015 ramping up to full production
at a rate of 2mtpa of potash in late 2017.
The Sintoukola Potash Project is situated on the coast of the Republic of Congo,
60 kilometres to the north of the major west African port of Pointe Noire.
Historically 26 exploration holes were sunk into the project area by previous explorers
which identified both Sylvinite and Carnalite mineralisation situated at depths
varying from 250 to 1,000 metres (shallow by international comparisons). Exploration
activities on the project commenced during the first quarter 2010 including a 6500
m drilling programme and a 35 line km seismic survey. In Q2 2011, the Company delineated
a maiden Indicated Resource of 362Mt @19.48% K2O and a maiden Inferred Resources
of 442Mt @19.57% K2O.
In July 2011 the company commenced the second phase of exploration (including 41
drill holes for 9600m and 164 line km of seismic survey) targeting additional sylvinite
mineralisation. An update resource statement is scheduled for release in early 2012
followed by a revised NI 43-101 technical report in the middle of the year.