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Canada

Southey Project

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Southey Project

Location: 15 km N from Southey, Saskatchewan, Canada

Project Contacts:

266, 350-3th Ave.
Saskatoon
Saskatchewan, Canada
S7K 6G7

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeIn-Situ
Study CompletedPrefeasibility
StagePermitting
Commodities
  • Potash
Mining Method
  • Solution mining
Mine Life... Lock
SnapshotSouthey is a solution mining potash project with environmental approval in place and a feasibility study completed. The Project has a mine life of more than 65 years. The Southey project has a high confidence reserve estimate with significant resource potential and covers an area of approximately 390 square kilometers.

Owners

SourceSource
CompanyInterestOwnership
Yankuang Energy Group Company Ltd. 100 % Indirect
Southey is wholly owned by Yancoal Canada Resources Co., Ltd (Yancoal Canada), a subsidiary of Yankuang Energy.

On 19 July 2024, Highfield Resources Limited announced that it has entered into a non-binding Letter of Intent for Cooperation with Yankuang Energy Group Co., Ltd and a number of strategic investors, in relation to a proposed strategic cooperation that would transform Highfield into a globally diversified potash company

The Proposed Cooperation would entail the raising of US$220 million of equity capital by Highfield from strategic investors and the inter-conditional acquisition from Yankuang Energy of the Southey potash project in Saskatchewan, Canada (Southey Vend-in) by way of a direct or indirect acquisition of 100% of the shares in Yancoal Canada (a subsidiary of Yankuang Energy).

Contractors

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SourceSource

Deposit type

  • Sedimentary

Summary:

The ground surface within the KP 377 and KP 392 permit areas is mainly a ridged moraine formation that generally is drained to the west and south with water collecting in the Last Mountain Lake area and the Qu’Appelle Valley. The topography within the KP 377 and KP 392 permit areas is hummocky with ground surface elevations varying between approximately 550 and 590 metres above sea level (masl) as the general trend.

The Project is located within a trough trending northwest-southeast corresponding to the Hatfield Valley erosions buried features. The bedrock surface is lowest beneath the Hatfield Valley reaching elevation as low as 300 masl.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityUnitsAvg. Annual
Potash Mt 2.8

Operational metrics

Metrics
Annual production capacity 2.8 Mt of potash *
* According to 2015 study.

Production Costs

Commodity production costs have not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 28, 2024

Workforce

Aerial view:

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