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Verde Potash Successfully Produces KCl from its Potash Resources Amenable to Strip Mining

Verde Potash Plc (NPK.V) said it has successfully operated a continuous rotary kiln pilot plant to produce Potassium Chloride ('KCl'), the conventional potash fertilizer. Verde has engaged SRK Consulting (U.S.), Inc. to complete a review of capital and operating costs and should be in a position to reveal results in Q1 2012. "This achievement marks a significant possible opportunity for Brazil, one of the world's largest importers and consumers of KCl, to supply more of its potash requirements from its domestic resources," it said.

Verde said it controls a very large potash resource amenable to strip mining and strategically located in Minas Gerais State, Brazil. The company's current potash resource could support a six million tonnes per annum KCl production scenario for over twenty years, though Verde is considering a scalable production strategy, it added.

The current selling price for KCl in Brazil's Cerrado is US$660/tonne. Brazil imported 6.4 million tonnes of KCl from January to October this year.

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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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