Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Says capital cost at Kola potash project reduced by $520 million to $1.83 billion on an engineering, procurement and construction basis, compared to initial definitive feasibility study forecast of $2.35 billion. Construction period needed lowered to 40 months from 46 months. Net present value at 10% discount increases to $1.62 billion from $1.45 billion.

Current stock price in London: 1.17 pence, up 8.8%

12-month change: up 41%

Current stock price in Johannesburg: R 0.26

12-month change: up 37%

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