NI 43-101 Preliminary Economic Assessment - Verde Potash

Verde Potash Plc 2-1
Cerrado Verde Project
NI 43-101 Preliminary Economic Assessment
2
Property Description and Location (Item 4)
2.1 Property Location
The Cerrado Verde Potash Project is situated in the Alto Paranaiba region of the State of Minas
Gerais, Brazil (Figure 2-1). The project can be accessed from Belo Horizonte, the State capital
to the town of Matutina in a distance of 320km, via a good quality paved road (BR-262). From
Matutina the project area is accessed by a number of secondary gravel roads that connect the
farming region.
The project consists of sixty-four exploration licenses. The UTM Geographic zone is 23K and
the Datum used for the area is World Geographic System 1984. The center of the project is
approximately at longitude 46°00’W and latitude 19°20’S.
2.2 Mineral Titles
The Project comprises sixty four tenements, covering an aggregate area of 106,762ha as shown
in Table 2.2.1 and Figure 2-1.
Once an exploration license is granted, Verde must make annual fee payments to maintain the
license, as explained in Section 17.6 of this report.
Table 2.2.1: Cerrado Verde Potash Project Tenement Schedule
Process Number Holder Size (Ha) Status of Mining Right Comments Mineral
833329/2009 FVS 41.07 Exploration License valid until FVS informed the existence of
Diamond
29/10/2012
potassium rocks at the area on
833284/2008 FVS 1468.97 Exploration License valid until
3/12/2012
833264/2008 FVS 1511.58 Exploration License valid until
18/11/2012
833270/2008 FVS 1991.78 Exploration License valid until
10/11/2012
833276/2008 FVS 1334.71 Exploration License valid until
18/11/2012
833271/2008 FVS 1524.17 Exploration License valid until
3/12/2012
833252/2008 FVS 1993.71 Exploration License valid until
3/12/2012
833272/2008 FVS 1587.61 Exploration License valid until
3/12/2012
833256/2008 FVS 1994.32 Exploration License valid until
3/12/2012
833259/2008 FVS 1476.58 Exploration License valid until
3/12/2012
833266/2008 FVS 1230.03 Exploration License valid until
3/12/2012
833267/2008 FVS 1663.21 Exploration License valid until
3/12/2012
15/10/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
FVS informed the existence of
potassium rocks at the area on
28/01/2010.
Diamond
Diamond
Diamond
Diamond
Diamond
Diamond
Diamond
Diamond
Diamond
Diamond
Diamond
833269/2008 FVS 1771.42 Exploration License valid until FVS informed the existence of Diamond
SRK Consulting (U.S.), Inc. September 16, 2011
Cerrado Verde_NI 43-101 PEA_343500.020_007_KG