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IC Potash Reports Results of Initial Pre-Feasibility Metallurgical Module for Ochoa

^{Published on 2010-06-23 04:11:32 - Market Wire}
 

 - Production costs are US$188 per long ton of SOP. At such a projected cost, IC Potash Corp. would be one of the lowest cost producers of Sulphate of Potash ("SOP") in the world. (It is the Company's goal to produce SOP, which is sold at a premium price and to produce it at a lower cost compared to most other producers of SOP.) - The recovery will be 92% of the Potassium (K2O) contained in the polyhalite ore. This would be a substantially higher recovery than available from traditional salt lakes brines. - 1500 acres of solar ponds would be required to produce 600,000 tons per year of SOP. This small acreage requirement, is very small compared to those of other SOP producers who use the solar evaporation process. A low acreage reduces costs and makes environmental permitting easier. - Detailed flow sheets for operations have been finalized.