Vatic to Carry Out Strategic Potash Market Study
VATIC VENTURES CORP.
VATIC VENTURES CORP.
1500-1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1
CANADA
PHONE: (778) 373-6972
FAX: (604) 689-1288
EMAIL: [email protected]
VATIC TO CARRY OUT STRATEGIC POTASH MARKET STUDY
Vancouver, BC, April 26, 2018 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSX-V: VCV, OTCBB:
VTTCF, and FWB: V8V2) is pleased to announce that it will carry out an independent Potash Market Study
(the “Market Study”) for its Saksrithai Potash Project (the “Project”). Mobilization is currently underway for
the initial drilling program for the project and the Study will provide a basis for planning a marketing strategy
for the Company.
The drilling program comprises up to 10 holes and the locations for the first three holes h ave been
confirmed. Based on information from the adjacent Dan Khun Thot project, it is anticipated that the potash
zone will be encountered at depths up to 300 meters and the initial holes will be drilled to a planned depth of
350 meters. Depending upon drill penetration rates and weather conditions, it is anticipated that it will take
approximately one month to complete the first three holes.
The Market Study will include analyses of economic, political, and environmental factors affecting the global
potash industry, with a focus on Southeast Asia (SEA) regional potash usage, particularly in those countries
which will be considered as targeted markets for any production from the Project. A review of the current
world potash production, proposed new projects and projected global supply and demand for the next
decade with an emphasis on the supply and demand balance in Thailand, China, India, and SEA , will be
included.
Also included will be a study of the Project's potential target markets, to assess potash market entry risks.
Current potash usage for the major crop types grown in the region and increasing demand upon optimization
of potash content in blended chemical fertilizers will be considered. Potash production costs and bulk
transportation costs to the target markets for traditional suppliers to the region will be assessed.
As each of the countries comprising the target markets will likely all be members of the Association of South
East Asian Nations (ASEAN) as is Thailand, regional import regulations, duties or other trade barriers will be
examined to consider any advantages a Thai project may enjoy as a result. The Project's competitive factors
will be assessed and an initial marketing plan developed.
The development of Thailand’s potash industry has been slower than originally anticipated but the
government is now actively encouraging potash production in the country. I n 2017 the Mining Industry
Council of Thailand together with the Thai Department of Primary Industries and Mines (DPIM) set up a
Potash Working Group to promote the development of the country’s potash resources. The Group includes
representatives from the eight potash license holders in the country, including Vatic’s subsidiary, Saksrithai
Development Co. Ltd. and is currently developing presentation materials, including videos, as part of an
ongoing government public relations campaign promoting potash development in the country.
Qualified Person.
The technical information in this news release has been prepared in accordance with Canadian regulatory
requirements set out in National Instrument 43 -101 and reviewed and approved by Pieter J. Bakker,
FAusIMM, a Qualified Person.
About Saksrithai Development Co. Ltd.
Saksrithai Development Co. Ltd. (Saksrithai) is a private Thai company which is the holder of two contiguous
Special Prospecting Licenses (SPLs) for potash exploration, issued in 2015.
The licenses encompass an area of 32 km2 in Nakhon Ratchasima province, northeast Thailand and are
adjacent to the Thai Kali Co. Ltd.’s Dan Khun Thot potash mine which is currently under construction.
ASEAN Potash Chaiyaphum Plc’s Bamnet Narong mine, also under construction, is located some 40 km
from the Saksrithai project.
The Company holds an 80% shareholding in Saksrithai and Vatic’s CEO, Dr. Gerry Wright, acts as
Saksrithai's Managing Director.
ON BEHALF OF THE BOARD OF DIRECTORS.
Nasim Tyab, Director.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company exploring and developing
potash licenses in Thailand.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains
"forward-looking statements" within the meaning of applicable securities legislation. Forward -looking statements relate to
information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements
are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those r eflected in the
forward-looking statements. Investors are cautioned against attributing undue certainty to forward -looking statements. These
forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise
them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or
projections.