www.westernpotash.com
Western Potash Corp Articles and News
Archive-
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16/01/2013
Fundamental Research anticipates exciting year for Western Potash after Milestone feasibility study
Fundamental's analyst, Nicole Engbert, notes that the feasibility study for Western Potash's Milestone project showed attractive economics, and that the company is ready to seek a partner.
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06/12/2012
Western Potash sees enough Milestone reserves & resources to potentially mine into the next century
Western Potash Corp. (TSE:WPX) (FSE:AHE) has announced the highly anticipated feasibility study on its Milestone potash property in southern Saskatchewan, eliminating all the technical risks on the project and giving it enough reserves and resources to "potentially mine into the next century".
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16/10/2012
Calling All Dragons: See Western Potash in Toronto
The Proactive Investors One2One forum provides direct access to the bosses of some of the nation’s most dynamic growth companies. This time - we will be taking a look at Western Potash (TSE:WPX), who is on the verge of constructing a potash solution mine in Saskatchewan.
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15/10/2012
Western Potash sees “Milestone” work in Canada’s resource-rich Saskatchewan
The Milestone project is due to come online in 2016, with strong projected economics. A preliminary assessment of economics done by AMEC, assuming a discounted rate of 10 per cent, showed the resulting project net present value is C$4.14 billion, while the internal rate of return is 22.7 per cent.
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06/09/2012
Western Potash in talks with India's Rashtriya - report
Western Potash Corp. (TSE:WPX)(FSE:AHE) said on Wednesday that it was talking about a joint venture with India’s Rashtriya Chemicals and Fertilizers among others, Reuters reported.
Related Media
Archive-
24/10/2012
One2One Forum presentation - Toronto October 23rd, 2012 (PDF)
One2One Investor Forum presentation - Toronto October 23rd, 2012 -
28/11/2011
John Costigan, VP Corporate Development of Western Potash, talks to Proactive Investors
John Costigan, VP Corporate Development of Western Potash, talks about 40 years mine life, 2.8 million tonnes a year, a critical element in NPK fertilisers, reducing the nitrogen and phosphate used worldwide, nearly 1 billion recoverable tonnes, and an 8.5% reduction in production costs due to a heat anomaly (Nov 2011). -
20/10/2011
Western Potash Corp One2One Investor Presentation, Toronto October 18, 2011 (PDF)
Western Potash Corp One2One Investor Presentation, Toronto October 18, 2011 -
20/07/2010
Western Potash One2One Investor Presentation 20th July 10 - Toronto (PDF)
Western Potash updates investors at the One2One Investor Forum in Toronto on 20th July 10 -
20/10/2009
Western Potash One2One Investor Presentation October 20th 2009 (PDF)
John Costigan, VP of Corporate Development for Western Potash, updates investors at the Proactive Investors One2One Forum on October 20th 2009
Presentations & Company Media
24/10/2011
Corporate presentation (Presentation)20/10/2008
WPX Corporate Presentation (Presentation)01/09/2008
WPX Company Brochure (Presentation)
Related Research & Media
No documents available.
Company Statement:
Western Potash Corp. is a junior mining company engaged in the acquisition, evaluation and exploration of potash mineral properties in Western Canada. The Company's objectives are to define and develop a world-class potash deposit while providing its shareholders with a unique opportunity to participate in the blue-chip dominated potash mining industry.
The Company 's key properties consist of 3 potash exploration permits in Southwest Manitoba located along the Saskatchewan border. The property covers 1000 km² and adjoins two potash deposits that are estimated to host over 1 billion tonnes of potash. In addition, the company was also granted 50,000 hectares of Saskatchewan exploration permits and applied for an additional 150,000 hectares in Southern Manitoba. Recent 2D seismic data and drilling results have confirmed the continuation and presence of the salt beds that host potash mineralization throughout the Company’s property. Western Potash will continue to search for appropriate mineral properties to add to its potash portfolio.
Current Operations:
Projects Overview
Western Potash Corp. has over 860,000 acres of potash permits and applications in Manitoba and Saskatchewan, Canada.
2011
On January 19th, 2011, Western Potash Corp. announced that AMEC Americas Limited had been engaged as the Lead Engineering Consultant for the Feasibility Study Process on the Milestone Potash Project. On the following day, January 20th, 2011, the Company announced that as a part of the Feasibility Study process, a 2 well drill program will commence on the Milestone project. The results from the drill program will be used to update the Company's NI 43-101 Resource Calculation on the Milestone Project.
On Feb. 22nd, 2011, the Company announced that it has signed a Memorandum of Understanding (MoU) with the City of Regina for a potential water supply options for the Milestone Potash project. Discussions, and decisions, involving water options for the Milestone potash project is a part of the Feasibility Study process.
On April 26, 2011, the company announced the receipt of an updated NI 43-101 compliant Mineral Resource Estimate for its Milestone property in southern Saskatchewan. The updated resource estimate at Milestone was prepared by Agapito Associates Inc. (“AAI”) of Grand Junction, Colorado.
Mineral Resources for the potential solution mining intervals (Patience Lake, Belle Plaine, and Esterhazy Members excluding interbeds) are estimated to be as follows:
• Measured Resource: 637 Mt in place sylvinite grading 30.47% KCl (64 Mt of recoverable KCl)
• Indicated Resource: 1,857 Mt in place sylvinite grading 30.35% KCl (180 Mt of recoverable KCl)
• Inferred Resource: 8,907 Mt in place sylvinite grading 30.31% KCl (701 Mt of recoverable KCl)
2010
On June 3rd 2010, Western Potash Corp. delivered its Updated NI 43-101 Resource Estimate on the Solution Mining amenable Milestone property. This Updated Resource Estimate significantly upgrades the Milestone properties resource, which consists of 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resource. The Resource Estimate at Milestone was prepared by Agapito Associates Inc. (“AAI”) of Grand Junction, Colorado. The full document can be sourced at www.sedar.com.
On Sept. 20, 2010 the Company announced that Milestone Potash Project Scoping Study has been completed. AMEC Americas completed the Study. This Study confirms that the Milestone resource shows significant positive economics and that the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr. The Executive Summary can be sourced at www.sedar.com.
On Nov. 1, 2010 to the Company announced that the Province of Saskatchewan has granted the Company a subsurface mineral lease on its 100% owned Milestone property in southern Saskatchewan. The renewable, twenty one year lease was granted by Ministerial order and provides the Company with the full and exclusive power and right to mine Crown owned subsurface minerals, including potash, contained within the lease area, subject to the provisions outlined by The Saskatchewan Subsurface Mineral Regulations, 1960.
2009
During the first quarter of fiscal 2009 the Company completed an additional four exploratory well totalling 4,566 m on its Russell South properties. Results suggest that the potash mineral prospects in that area could warrant further drill testing to confirm their extent and the potential to be an economic mineral deposit Grades determined by drill testing to date in the Russell South area compare well with those that are being mined at the neighbouring Saskatchewan Potash Corp’s Rocanville Mine.
At the Milestone property in Saskatchewan, (500 sq miles) the Company’s purchase and subsequent interpretation of several line-km of 2D seismic data confirmed the presence of potash prospective salt beds and highlighted a sizeable and attractive new exploration target within 10km of the drilling completed by Rio Tinto (and subsequently sold to Vale) during 2008.
In addition, the Milestone project is characterized by a high minimum formation temperatures of approximately 65.5 degrees C. Temperature is important because higher formation temperatures improve the potash dissolution process, and reduce heat input required for the injected brines thereby significantly reducing production costs.
2008
Western Potash was able to raise in excess of 45 million CAD from institutional and retail investors, including the IPO in May 2008.
The Company carried out exploration activities during 2008 on its Russell-Miniota and its Russell South properties that included the completion of 5 exploratory drilling wells totaling 4,849 m. During the year the Company completed 175 line kilometers 2-D ground Seismic geophysical surveys on its Manitoba properties.
During May 2008, the Company was granted three potash permits in south-eastern Saskatchewan (Milestone Project). The three contiguous permits were granted by the Saskatchewan Ministry of Energy and Resources and comprise a total of 123,948 acres.
2007
Western Potash Corp. was formed when the opportunity to acquire key prospective ground adjacent to known Potash deposits in the province of Manitoba, Canada, presented itself. In July 2007 a private consortium obtained the potash rights on 555 square kilometers, adjacent to BHP Billiton’s Lease and Agrium’s Exploration permits, within 13km of Saskatchewan Potash Corp’s Rocanville Potash mine.
Saskatchewan has the largest potash industry in the world, accounting for more than 40% of the world’s trade in potash. The potash reserves in Saskatchewan are massive. By conservative estimates, Saskatchewan could supply world demand at current levels for several hundred years.
Western Potash Corp. is a junior mining company engaged in the acquisition, evaluation and exploration of potash mineral properties in Western Canada. The Company's objectives are to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner while providing its shareholders with a unique opportunity to participate in the blue-chip dominated potash mining industry.
Western Potash will continue to search for appropriate mineral properties to add to its potash portfolio.
The contents of this project description have been reviewed and approved by J. Patricio Varas, P. Geo, CEO and director of Western Potash who is a qualified person as required by NI 43-101.
Management
Pat is a Professional Geologist with over 21 years experience in exploration, project and corporate management. Pat has worked and collaborated with major and junior mining companies in exploration projects that span North and South America, Europe, Africa, Asia and Australia.
Mr. Varas was involved in the discovery of the Diavik Diamond mine as a project manager while at Kennecot Canada Inc. and was instrumental in the project management that led to the discovery of the Santo Domingo Sur deposit in Chile with Far West mining.
Buddy Doyle, Geological Advisor & Director
Buddy’s experience includes more than 25 years exploring for gold and diamonds. Mr. Doyle led the team that discovered the currently-producing Diavik/Aber Diamond mine and served as Vice President of Exploration for North American Diamonds with Kennecott Exploration, a division of Rio Tinto for 12 years during which time more than 100 kimberlites were discovered. He recently was awarded the Hugo Dummitt Award for excellence in Diamond exploration by his peers in the industry. Since leaving Rio Tinto, Mr. Doyle has entered thejunior sector with flair. He remains active in the diamond sector through a consultancy and non-executive directorships. Few geologists have seen 2 projects from discovery through to decision to mine. Mr. Doyle brings to the company a disciplined scientific approach to mineral exploration and managerial skills that have a proven track record.
Patrick Power, Director
Patrick is a seasoned venture capitalist and financier with over 15 years of experience as a stock market professional and as director of public companies. Western Potash benefits from Mr. Power's wealth of experience as a shrewd dealmaker, an adept financier and as a tireless, results-driven leader of dynamic public companies. The company enjoys Mr Powers’ large network of contacts within the industry, his enthusiasm and his efforts as a board member and trusted advisor. He is currently the President and CEO of Arctic Star Diamond Corp.
Dave Hodge, Director
Dave contributes to Western Potash’s board many years of company management, financing and a wealth of experience with publicly traded companies. He is an invaluable contributor and advisor with regulatory compliance and filings. He has been a director of mineral exploration companies since 1996, and has stewarded Commerce Resources Corp’s Blue River Project from its acquisition in 2000 through to current development stage activities. Mr. Hodge is the former President of Zimtu Technologies. Under his direction the company has issued 7 dividends and has helped to create Petrol One an oil and gas exploration and development company.
Dean Pekeski, VP Exploration
Dean Pekeski is a Professional Geologist registered in Manitoba and a graduate from the University of Western Ontario with over 15 years experience in mineral exploration. From April 1996 until March 2008, Mr. Pekeski was employed as an exploration geologist and project manager for Rio Tinto Exploration where he has explored for base metal and diamond deposits across Canada, southern Africa, and India. Mr. Pekeski’s include leading the Rio Tinto exploration team that discovered, and evaluated the diamondiferous Bunder kimberlites in India. His most recent responsibilities included managing Rio Tinto's diamond exploration programs in North America.
Troy Nikolai, CFO & Director
Troy brings nine years of accounting and auditing experience to the board. His considerable knowledge with compliance requirements to various exchanges and overall understanding with financial reporting will provide the company with the necessary tools to report to investors in a timely and efficient manner. Troy also serves as director on various other private company boards and holds the position of President for a large BC charity entrusted with overseeing the administration of over $15 million dollars worth of public funds annually.
Peter Miles, Director
Mr. Miles has a B.Comm from the University of British Columbia. He has more than 20 years' experience in investment banking and retail stock brokerage, and was formerly a Vice President of Midland Doherty Inc., Dean Witter Reynolds, and CIBC World Markets. Prior to becoming President and CEO of Sanatana Resources Inc., Mr. Miles was an advisor to a number of public and private companies, primarily in the natural resource sector including Roughrider Uranium Inc. At a private stage, Mr. Miles financed Roughrider and he was later instrumental in Hathor Exploration Limited’s acquisition and financing of Roughrider that lead to their key discovery of the Roughrider Uranium deposit. Hathor Exploration was acquired by Rio Tinto plc for $654 million. Mr. Miles is a Director of Gamehost Inc., Western Potash Corp. and The Vancouver Aquarium and Marine Science Centre, and is the founder of Sanatana Resources Inc.
John Costigan, VP Corporate Development
John is a former Vice President of AKP Canada. He brings his particular business acumen to bear on the future and development of Western Potash. This includes over twenty years experience in technical sales and marketing to the mining, food and pulp & paper multinationals. Mr Costigan’s responsibility also included the development and management of supply chains in Thailand, Brazil, Germany as well as North America. Graduating first in his class John holds an Honors degree from Concordia University in Montreal Quebec. Current member of the National Institute of Investor Relations.
Richard Lock, Project Director
Richard has more than 20 years experience in the mining industry, having begun his career with De Beers-Anglo American in South Africa. Richard then joined Rio Tinto's Diavik Diamonds Project (Diavik) at Lac de Gras in Canada, where he took the project from discovery to production. Richard also completed a large oil sands mining project in Alberta, Canada for Canadian Natural Resources Limited, an independent oil and natural gas exploration, development and production company.
Most recently, Richard was the Project Director for Resolution Copper, and was responsible for the pre-feasibility studies and associated on-site activities at the Resolution Project.
Richard holds a Bachelor of Science degree in Mining Engineering from the University of Wales in the United Kingdom.
David Thornley-Hall, Corporate Secretary
David Thornley-Hall is a securities industry professional with over 20 years experience in fixed income brokerage, corporate finance and regulatory compliance. He is a graduate of the University of Western Ontario with a degree in Social Science. His experience includes the role of Managing Director of the UK office of a Canadian dollar bond brokerage. Mr. Thornley-Hall, for the past five years, has focused in the mining industry. He is currently President of Parallel Resources Ltd.
Limin Sun, VP, International Relations
Limin (Linda) Sun brings 15 years of mining industry experiences--focusing in the area of government relations as well as comprehensive knowledge of public company administration and Human Resources. Ms. Sun has extensive international relations experience with Ivanhoe Group Companies and her bilingual skills are a great asset to WPX. She holds a Bachelor Degree in English Literature at Northeastern Normal University, and a diploma of International Economics &Trading from the University of International Business & Economics Beijing.
Ian Graham, Evaluation and Project Development
Ian Graham brings over 20 years of mineral exploration and evaluation experience with Anglo American and Rio Tinto to WPX.
Mr. Graham has extensive geological and project management experience in the field of mineral exploration and project development in Canada and abroad. Ian will assist WPX with the management and development of the Robust Feasibility Studies, as well as, identifying, evaluating a negotiating for resource related projects that have high potential.
Mr. Graham resided in Saskatchewan for a lengthy period of time and has experience via diamond (exploration, Candle Lake Evaluation) and uranium exploration projects (including the Maverick Zone discovery with Kennecott/JNR) in Saskatchewan. In 2007/08 he provided Canadian based support to Rio Tinto’s acquisition of its Regina Potash project, which that company sold to Vale early in 2009.
Mr. Graham also has experience with innovative technology implementation, and has led implementations of the first use of LA-ICP-MS in applied thermometry on garnets, and leading Rio Tinto to develop the first routine major and trace element laboratory for diamond indicators.
Angela Aydon, Investor Relations
As an Investor Relations Representative, Angela Aydon provides support for our investors. This role includes providing shareholders with correct and current information and ensuring frequent shareholder contact. In addition, Miss. Aydon provides administrative support for the company. She holds a Bachelor of Business Administration degree, with a Concentration in Human Resources Management, from the University of New Brunswick. Miss. Aydon has completed the Canadian Securities Course, and received her certificate, with the Canadian Securities Institute. Angela is currently a member of the Canadian Investor Relations Institute. Miss. Aydon's previous work experience includes a role within the Portfolio Support Unit, for BMO Bank of Montreal, in Burnaby, B.C.
Greg Vogelsang, Manager of Environment & Regulatory Affairs
Greg Vogelsang, P.Eng., P. Geo., joined Western Potash in 2010 as Manager of Environment & Regulatory Affairs. Mr. Vogelsang is a graduate of the University of Regina (B.Sc.) and the Northern Alberta Institute of Technology (NAIT) and is a registered Professional Engineer and Geoscientist in Saskatchewan and Alberta. After serving two terms as a councilor with the Association of Professional Engineers and Geoscientists of Saskatchewan he was recently elected President-Elect for Geoscientists Canada and will assume the role of President in 2013.
Mr. Vogelsang has 25 years experience related to environmental management of large industrial facilities, including Senior Manager with Saskatchewan Ministry of Environment where he was involved in the Environmental regulation of mining operations in the province. Prior to joining Western Potash Corp. he was the Senior Vice President and Environmental Consultant with an intermediate sized engineering consulting company located in Western Canada.
Mr. Vogelsang is responsible for managing all environmental aspects of Western Potash's operations, including the Environmental Impact Assessment for the Milestone Potash project.
Jamie McLennan, Manager-Land Health & Safety
Jamie McLennan has been involved in the mining exploration industry for the over twenty years, in a number of roles for various companies. He brings experience in a number of aspects of field work and exploration, with a particular focus in HSEC. Mr. McLennan was employed by Rio Tinto, formerly Kennecott, for over ten years where he specialized in project coordination, logistical support, and HSEC. He was a key member of the North American team that helped with the globalization of Rio Tinto’s Health and Safety Standards.
Major Shareholders
Share Structure
*As of Nov 7, 2012
| Shares Issued |
181,295,183 |
| Warrants |
9,091,000 (1.75) Expiry June 2013 |
| Cash | 28M |
| Insider Holdings | 9.3% |
Contact Information
Corporate Offices:
Western Potash Corp. Vancouver Office
Suite 1818 - 701 West Georgia Street
Vancouver, BC
V7Y 1C6 Canada
Website http://www.westernpotash.com
E-Mail info@westernpotash.com
Telephone 604.689.WEST (9378)
Facsimile 604.689.9376
Corporate Information
No info available.
