NI 43-101 Preliminary Economic Assessment - Verde Potash

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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
Verde Potash Plc 2-2 Cerrado Verde Project NI 43-101 Preliminary Economic Assessment Process Number Holder Size (Ha) Status of Mining Right Comments Mineral 3/12/2012 potassium rocks at the area on 28/01/2010. 833290/2008 FVS 1678.42 Exploration License valid until 3/12/2012 833293/2008 FVS 1793.65 Exploration License valid until 3/12/2012 833294/2008 FVS 1492.78 Exploration License valid until 3/12/2012 833320/2008 FVS 1886.15 Exploration License valid until 3/12/2012 833331/2008 FVS 1366.49 Exploration License valid until 3/12/2012 833333/2008 FVS 1501.36 Exploration License valid until 3/12/2012 833328/2008 FVS 1790.21 Exploration License valid until 3/12/2012 833324/2008 FVS 1932.31 Exploration License valid until 3/12/2012 833335/2008 FVS 1575.41 Exploration License valid until 3/12/2012 833332/2008 FVS 1854.81 Exploration License valid until 3/12/2012 833334/2008 FVS 1914.94 Exploration License valid until 3/12/2012 833336/2008 FVS 1662.51 Exploration License valid until 3/12/2012 833647/2008 FVS 1907.6 Exploration License valid until 13/11/2012 833648/2008 FVS 1784.49 Exploration License valid until 22/12/2012 833330/2008 FVS 1464.51 Exploration License valid until 3/12/2012 833329/2008 FVS 41.07 Exploration License valid until 24/3/2013 833274/2008 FVS 1994.84 Exploration License valid until 4/1/2013 833253/2008 FVS 1716.04 Exploration License valid until 12/3/2013 833268/2008 FVS 966.82 Exploration License valid until 12/3/2013 833275/2008 FVS 1994.06 Exploration License valid until 4/1/2013 833277/2008 FVS 1992.24 Exploration License valid until 4/1/2013 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. 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 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 15/10/2010. FVS informed the existence of potassium rocks at the area on 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. Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond Diamond 833278/2008 FVS 1993.88 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
Page 1 and 2: NI 43-101 Preliminary Economic Asse
Page 3 and 4: Verde Potash Plc Cerrado Verde Proj
Page 15 and 16: Verde Potash Plc 1-1 Cerrado Verde
Page 17: Verde Potash Plc 1-3 Cerrado Verde
Page 23 and 24: SRK Project No.: 343500.020 Cerrado
Page 27 and 28: Cerrado Verde Potash Project Minas
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Verde Potash Plc 12-10 Cerrado Verd
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Cerrado Verde Potash Project Minas
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SRK Project No.: 343500.020 Cerrado
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Verde Potash Plc 13-2 Cerrado Verde
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SRK Cardiff 5th Floor Churchill Hou
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NI 43-101 Preliminary Economic Assessment - Verde Potash

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