A letter-of-intent agreement between
The 2-stage study will assess the economics of constructing a hydroelectric plant 60 km from a proposed, 56,000-tonne-per-year processing site. That site is currently the focus of a prefeasibility study by Salzgitter Anlagenbau GmbH of Germany and is expected to have all its energy needs satisfied by the power plant.
Kouilou is touted as one of the world’s largest magnesium salt deposits, containing an estimated 800 billion tonnes of carnallite (hydrous potassium-magnesium-chloride). Magnesium Alloy is focusing on a site known as K3, where a carnallite layer measuring 80 metres in thickness and occurring at depths of 500 to 600 metres has been outlined.
The prefeasibility study and the first stage of the SNC study are scheduled for completion in the second quarter of the new year.
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