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Verde Potash: Cerrado Verde Inferred Resource Estimation Expanded 100% to 2.68 Billion Tonnes at 8.8% K2O

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Verde Potash Plc (NPK.V), which lost 4% yesterday, announced an expansion as a result of further drilling, to the resource estimate for the Cerrado Verde Potash Project located in Minas Gerais State, Brazil. The estimate comprises an indicated resource of 74 million tonnes with an average grade of 9.22% K2O and an inferred resource of 2.68 billion tonnes with an average grade of 8.88% K2O (applying a 7.5% K2O cut-off). The drilling program defined sub-horizontal potash mineralization from surface to a maximum depth of 85m, rendering the resource amenable to open pit mining.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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