Altius
This project is part of our
All-Canadian royalty portfolio

Cory (potash)
Prairie Royalties

Location
11 km southwest of Saskatoon, Saskatchewan, Canada

Operator
Nutrien
www.nutrien.com

Commodity
Potash

Asset Profile
LTM (as of December 31, 2017) Royalty Revenue $0.4 million
Annual production capacity 2.7 mt
Estimated Mine Life 58 years as of operator AIF Dec 31 2017

PCS’s Cory mine is a conventional underground mining operation located approximately 11 km southwest of Saskatoon, Saskatchewan. Potash ore is excavated at the mining face c.1,000m below the surface, transported by conveyor belt to the bottom of the production shaft and hoisted to the mill where it is processed into the final concentrated muriate of potash (KCl) product.

The mine has undergone two phases of expansions. The first phase of the expansion commenced in 2007 and was completed in late 2010. The second phase was completed in April 2012 and is forecast to bring Cory’s operational capability (which reflects estimated achievable annual production levels) to 2.7mt muriate vs 2011 operational capability of 1.5mt.

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