North Atlantic Potash Inc.

Holds 13 mining leases to develop the world’s largest potash deposit in Canada

  • 227
    mt
    recoverable KCI reserves
    Albany Project
  • 89
    mt
    recoverable KCI reserves
    Foam Lake Project

North Atlantic Potash Inc. (NAP, a member of Acron Group) and Can Pacific Potash Inc. (a joint venture of NAP and Rio Tinto Potash Management Inc.) jointly hold 13 potash-mining leases in Saskatchewan (Canada). All mining properties are divided into multiple blocks, with the most promising being the Albany Project (eight permits in Southern Saskatchewan), Foam Lake Project (four permits in Northern Saskatchewan) and Stockholm Project (one permit in Northern Saskatchewan).

Can Pacific Potash Inc. (Albany Project)

In 2014, NAP and Rio Tinto Potash Management Inc established a joint venture company, Can Pacific Potash Inc. (formerly the Albany Project), which holds eight permits in Southern Saskatchewan. An extensive exploration programme was conducted in this block in 2011-2013. The study defined inferred resources of 1.4 billion tonnes of potash salts with an average grade of 31% KCl. In 2017, the Albany Project’s resources were reclassified as “Measured and Indicated” and revaluated at 1.07 billion tonnes of potash salts with an average grade of 30.3% KCl. The recoverable reserves are estimated at 226.7 million tonnes of KCl. At the end of 2017, the Prefeasibility Study (which commenced in 2016) was completed. The volume of resources, KСl concentration, formation temperature and location of permits make this project one of the world’s best for solution mining.

KL 262 Resources Based on NI 43-101 Prefeasibility Study

Potash Salts Resources, mn t In Cavern, mn t* KCl, % Total Recoverable KCl,
mn t**
6,008 1,067 30.32 227

* Material tonnages contained within cavern designs

** Recoverable KCl after application of recovery factors

Foam Lake Project

This block consisting of four permits is located in Northern Saskatchewan. The NI 43-101 compliant Resource Report issued at the end of 2012 confirmed resources (indicated and inferred) of 942 million tonnes at a depth of 1,000-1,100 meters with an average of 30% KCL. Recoverable KCl tonnage is estimated at 89 million tonnes. This block is suitable for construction of a conventional potash mine.

Foam Lake Proved (Balance) Reserves (NI 43-101)

Potash Salts Balance
Reserves, mn t
KCl, % Gross KCl, mn t Total Recoverable KCl, mn t*
Indicated 218 30.03 66 21
Inferred 724 30.01 217 68
Total 942 30.00 283 89

* Recoverable KCl after application of recovery factors

Stockholm Project

The Stockholm Project consists of the KP 421 permit. In 2012, a short exploration programme was completed. An exploration well showed that its potash ore has a very high grade of 34 −45% KCl at a depth of 1,000-1,200 meters. KP 421 borders Mosaic Esterhazy’s operation.

Read more about NAP 

Contacts

Saskatoon

Suite 701C Midtown Tower
201-1st Avenue South
Saskatoon, SK Canada
S7K 1J5

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