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NI 43-101 Preliminary Economic Assessment - Verde Potash

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<strong>Verde</strong> <strong>Potash</strong> Plc 1-3<br />

Cerrado <strong>Verde</strong> Project<br />

<strong>NI</strong> <strong>43</strong>-<strong>101</strong> <strong>Preliminary</strong> <strong>Economic</strong> <strong>Assessment</strong><br />

1.3.2 BNA Consultoria e Sistemas<br />

BNA Consultoria e Sistemas is a company dedicated to applying high technology to the mineral<br />

sector transforming it into sounding solutions. BNA offer effective solutions that consist of<br />

software systems and consulting services. Comprised of an experienced team of professionals<br />

with outstanding performance in the Brazilian mineral sector, having actively participated in<br />

relevant and important mine projects in Brazil.<br />

Dr. Volodymyr Myadzel<br />

Volodymyr Myadzel is responsible for Sections 5 through 9 and 12 of this PEA.<br />

1.3.3 ECM<br />

ECM, founded in 1984, is a Brazilian engineering company with extensive experience in<br />

developing multidisciplinary industrial projects of all sizes, including project design for the<br />

minerals and mining industry, from feasibility studies to plant commissioning. ECM has about<br />

550 employees and has been involved in significant mining projects over the past decade in<br />

Brazil.<br />

1.3.4 AgroConsult Consultoria & Marketing<br />

AgroConsult Consultoria & Marketing is a leading consulting company focused on agribusiness<br />

founded in 2000. Clients include: BHP Billiton, Bunge, Fosfertil, Petrobras, Heringer, Bayer,<br />

Santander, Citibank, John Deere, Banco do Brasil and Syngenta. AgroConsult’s team is<br />

comprised of a multi-disciplinary group of professionals who follow the market closely, prepare<br />

in depth analyses on the various agribusiness segments with a view to formulating short, medium<br />

and long term market trend reports on the main agricultural commodities as well as to<br />

developing customized studies and projects.<br />

1.3.5 Site Visit<br />

Mr. Volodymyr Myadzel, BNA Consultant, visited the Project site on March 15, 2011 and July<br />

20-22, 2011.<br />

1.3.6 Effective Date<br />

The effective date of this report is August 3, 2011.<br />

SRK Consulting (U.S.), Inc. September 16, 2011<br />

Cerrado <strong>Verde</strong>_<strong>NI</strong> <strong>43</strong>-<strong>101</strong> PEA_3<strong>43</strong>500.020_007_KG

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