Vatic Ventures enters the world‘s largest known undeveloped potash resources

ZURICH, SWITZERLAND / ACCESSWIRE / January 14, 2017 / Vatic Ventures Corp. (TSX.V: VCV.H; market capitalization: $2 million CAD) announced the completion of acquiring 80% of the issued shares of Saksrithai Developments Co. Ltd., a private Thai company holding 2 SPLs (“Special Prospecting Licences”) for potash exploration in the province of Nakon Ratchasima in northeast Thailand.The country is believed to host the world’s largest, undeveloped potash resources.

The Saksrithai licence area is adjacent to the Dan Khun Thot Mining Project from Thai Kali, presently under development to start mining in 2018. Both carnallite (up to 60 m thick) and sylvinite (up to 5 m thick) are present in drill holes. Potash grades of up to 35.2% KCl (21.5% K2O) have been encountered.

Vatic also appointed Dr. Gerry Wright (P.Eng) as its new CEO and a Director of the company. He is also the Principal of Hong-Kong based Red Branch Investments Ltd., from which company Vatic acquired the rights to purchase the shares of Saksrithai.Dr. Wright is a Professional Engineer (Province of BC) and holds a Doctorate in Engineering from Queen’s University, Belfast. He was co-founder of the Crew Group of Companies and has over 30 years of experience in the minerals exploration and development industry in Asia, North America, Europe and Africa, serving as a Senior Officer and Director of a number of public and private companies. He has extensive experience and knowledge of the global potash industry and, in particular, the potash resources underlying Thailand’s Khorat Plateau. Dr. Wright served as CEO of Asia Pacific Resources Ltd. for some 12 years, in which capacity he was directly responsible for the acquisition, financing and development of that company’s Udon Thani Project which is Asia’s most significant commercial potash discovery, to date. Dr. Wright will be directly responsible for the successful development of the Vatic’s Saksrithai Potash Project.

Vatic’s President, Nasim Tyab, commented today: “The company is delighted to have Gerry join our board of directors and
lead the development of the Saksrithai potash exploration licences as CEO.
Gerry’s successful track record in potash exploration in Thailand and capital
markets background will augment our board and guide the company through this
exciting new period of growth.”

Rockstone is looking forward to covering Vatic’s upcoming exploration programs and following closely Thailand’s potential emergence as a new potash powerhouse.

The full report can be accessed with the following links:
English (PDF): http://rockstone-research.com/images/PDF/Vatic2en.pdf
English (web version): http://rockstone-research.com/index.php/en/research-reports/2296-Vatic-Ventures-enters-the-worlds-largest-known-undeveloped-potash-resources
German (PDF): http://rockstone-research.com/images/PDF/Vatic2de.pdf

Disclaimer:
Please read the full disclaimer within the full research report as a PDF as
fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

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