Passport Potash Inc. (CVE:PPI, OTCQX:PPRTF) is a TSX-listed resource company engaged in the exploration and development of potash properties. Passport’s early entry into the Holbrook Basin has positioned it well to take advantage of the potash potential in the Basin.
Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 81,000 acres. The infrastructure in the Holbrook Basin is a strategic advantage for Passport, with immediate access to BNSF rail lines, Interstate 40 and a major power plant within 25 miles of the project. Passport’s 30 hole drill program combined with historic records show that the potash deposits in the Holbrook Basin are relatively shallow by industry standards, with deposits being found at depths between 800 and 1300 feet, which is another major advantage for Passport.
Passport has recently announced the completion of the initial NI 43-101 compliant mineral resource estimate by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (ERCOSPLAN), a consulting and engineering firm, specialized in the potash and salt industry, headquartered in Erfurt, Germany, for its Holbrook Basin property in Northern Arizona. This initial resource estimate consists of 125.6 million tonnes of indicated mineralized material with an average KCl grade of 14.29% (equivalent to an Indicated Resource of 17.96 million tonnes of KCl) and 587.8 million tonnes of inferred mineralized material with an average KCl grade of 12.20% (equivalent to an Inferred Resource of 71.71 million tonnes of KCl). It is important to note that at present the estimated resources cover only about 40% of the Company's current holdings. ("Passport Property").
Passport Potash’s experienced leadership team, combined with the potash potential in the Holbrook Basin, sets Passport apart from all other U. S. and global potash projects. Passport offers investors the opportunity to benefit, not only from Passport’s entry into the U. S. and global markets, but also from the favorable trends in the potash market. Because the global demand for food, feed and biofuels continues to increase, while the amount of arable land is concurrently decreasing, the future for potash production is bright.