Investor Presentaiton
Legal Title
Sintoukola Potash SA has been awarded an exclusive mineral exploration licence,
"Sintoukola", valid for potash salts and connected salts, through Presidential Decree No
2009-237 dated 13 August 2009. The Sintoukola Exploration Licence has been awarded for
an initial period of 3 years and can be renewed twice for two extension periods of 2 years.
The Presidential Decree No 2009-237 was published in the Congolese Official Gazette No 35
on 27 September 2009.
On 21 December 2009, Fidafrica, a Congolese legal firm and member of
PricewaterhouseCoopers, issued a legal opinion that may be summarised as follows:
•
Sintoukola Potash SA has been validly set up and registered in accordance with the
OHADA regulations.
Sintoukola Potash SA has been awarded an Exclusive Exploration License for potash salts
over the Sintoukola License area.
Sintoukola Potash SA has validly concluded an Exploration Agreement with the
Government of the Republic of Congo on 27 August 2009 that governs the exploration
conditions for the Sintoukola License.
ELEMENTAL
MINERALS LIMITED
Source: PricewaterhouseCoopers
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