TRÊS ESTRADAS INFILL DRILLING PROGRAM 70% COMPLETE AND DELIVERING THICKER INTERCEPTS

Highlights:

 

6,450 metres (68%) of a total 9,500-metre program now completed

Results continue to confirm grades and thickness of mineralisation

Some intercepts thicker than anticipated – up to 22 metres thicker in one intercept

TED-16-086 returned 72.65 metres averaging 3.91% P2O5 from 93.25 metres, including 10 metres grading 5.03% P2O5

TED-16-087 returned 40.55 metres averaging 4.11% P2O5 from 8.98 metres

TER-16-155 returned 13 metres averaging 5.03% P2O5 from 20 metres

TER-16-156 returned 8 metres averaging 9.36% P2O5 from 1 metre

Results confirm homogeneous nature of the Três Estradas Deposit

Pilot Plant test work for BFS now commencing at Eriez Flotation Division in Pennsylvania

BFS progressing well and to plan