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Kore Potash slashed half-yearly losses as the company reined in costs.
For the half year ended 30 June 2019, pre-tax losses narrowed to $1.16m from $4.56m, driven primarily by lower administration expenses, lower equity compensation benefits and listing and re-domicile expenses incurred in first half of last 2018.
Exploration and evaluation asset at 30 June 2019 was $153.4, an increase of $3.5m from $149.9m at 31 Dec 2018.
Post period end, in July 2019, the company received a proposal from the FC that identified opportunities to reduce the capital cost of the Kola project by $415m below that indicated in the Kola definitive feasibility study and optimisation discussions were planned to continue, Kore Potash said.
At 9:02am: (LON:KP2) Kore Potash Plc Ord Usd0.001 share price was 0p at 1.45p