Saksrithai

SAKSRITHAI

THE SAKSRITHAI PROJECT

Vatic’s “Saksrithai” project covers an area of 32 km² in Nakhon Ratchasima province, northeast Thailand, approx. 270 km from Bangkok. The project area is contiguous to the Dan Khun Thot project, presently under development by Thai Kali Ltd, where a high grade carnallite-sylvinite reserve (with potash grades of up 35.2% KCl encountered in drilling) has been delineated. It is reported that the potash ore is mainly carnallite, enriched by the presence of sylvinite.

SAKSRITHAI LICENSE AREA & OTHER PROJECTS
SAKSRITHAI LICENSE AREA & OTHER PROJECTS
THE SAKSRITHAI LICENSE AREA
THE SAKSRITHAI LICENSE AREA

INITIAL PROJECT PROGRAMMES

The initial resource evaluation phase, comprising the initial seismic survey, geological survey and interpretation, initial diamond-drilling programme (10 to 12 holes), baseline environmental studies and local community programmes, commenced March 2017. The initial seismic survey was completed by early-May. Phase 1 of the project, with a budget of US$ 1.5 million, includes the completion of a pre-feasibility study and estimation of a ‘potash resource’. Phase 2 (budget of up to US$ 5 million) includes additional seismic and drilling programmes, EIA, mining, processing, transportation and marketing studies, leading to a bankable feasibility study and defined ‘potash reserve’.

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