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 has been delineated.

SAKSRITHAI LICENSES IN THAILAND
SAKSRITHAI LICENSES IN THAILAND
SAKSRITHAI LICENSE MAP
SAKSRITHAI LICENSE MAP

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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