NI 43-101 Preliminary Economic Assessment - Verde Potash

Verde Potash Plc
Cerrado Verde Project
i
NI 43-101 Preliminary Economic Assessment
Table of Contents
1 INTRODUCTION (ITEM 2) ........................................................................................... 1-1
1.1 Terms of Reference and Purpose of the Report ................................................... 1-1
1.2 Reliance on Other Experts (Item 4) ..................................................................... 1-1
1.2.1 Sources of Information ......................................................................... 1-2
1.3 Qualifications of Consultants ............................................................................... 1-2
1.3.1 SRK ....................................................................................................... 1-2
1.3.2 BNA Consultoria e Sistemas ................................................................ 1-3
1.3.3 ECM ...................................................................................................... 1-3
1.3.4 AgroConsult Consultoria & Marketing ................................................ 1-3
1.3.5 Site Visit................................................................................................ 1-3
1.3.6 Effective Date ....................................................................................... 1-3
2 PROPERTY DESCRIPTION AND LOCATION (ITEM 4) ........................................... 2-1
2.1 Property Location................................................................................................. 2-1
2.2 Mineral Titles ....................................................................................................... 2-1
2.3 Location of Mineralization .................................................................................. 2-4
2.4 Royalties, Agreements and Encumbrances .......................................................... 2-4
2.5 Environmental Liabilities and Permitting ............................................................ 2-5
3 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND
PHYSIOGRAPHY (ITEM 5) ...................................................................................................... 3-1
3.1 Topography, Elevation and Vegetation ............................................................... 3-1
3.2 Climate and Length of Operating Season ............................................................ 3-1
3.3 Physiography........................................................................................................ 3-1
3.4 Access to Property ............................................................................................... 3-2
3.5 Surface Rights ...................................................................................................... 3-2
3.6 Local Resources and Infrastructure ..................................................................... 3-2
4 HISTORY (ITEM 6) ........................................................................................................ 4-1
5 GEOLOGICAL SETTING AND MINERALIZATION (ITEM 7) ................................. 5-1
5.1 Regional Geology ................................................................................................ 5-1
5.2 Local and Project Geology ................................................................................... 5-1
5.2.1 The Verdete Unit................................................................................... 5-1
5.2.2 Structure ................................................................................................ 5-1
5.2.3 Elevation and Erosion Level ................................................................. 5-2
5.3 Mineralization ...................................................................................................... 5-2
5.3.1 Mineralized Zones ................................................................................ 5-2
5.3.2 Surrounding Rock Types ...................................................................... 5-3
6 DEPOSIT TYPE (ITEM 8) .............................................................................................. 6-1
7 EXPLORATION (ITEM 9) ............................................................................................. 7-1
8 DRILLING (ITEM 10) .................................................................................................... 8-1
8.1 Type and Extent of Drilling for Funchal Norte Target ........................................ 8-1
8.1.1 Reverse Circulation (RC) Sampling ..................................................... 8-1
8.1.2 Logging ................................................................................................. 8-1
8.1.3 Bulk Density ......................................................................................... 8-1
8.2 Type and Extent of Drilling for Targets 4, 6, 7, 10 and 11 .................................. 8-2
SRK Consulting (U.S.), Inc. September 16, 2011
Cerrado Verde_NI 43-101 PEA_343500.020_007_KG