Test Results Indicate CAPEX and OPEX Reductions for Três Estradas Bankable Feasibility Study

Highlights:

  • Completion of test work programs indicate significant potential CAPEX and OPEX savings to be gained through process improvements and production efficiencies
  • Optimal run of mine rate of 3Mtpy established for production of 300ktpy phosphate concentrate
  • Focus on mining high-grade oxidized ore in initial years of operation
  • Optimizations to crushing circuit, milling circuit, flotation circuit, filtration all expected to result in CAPEX and OPEX reductions
  • Market study confirms no further processing required to produce commercial aglime suitable for local consumption as a by-product from phosphate production
  • BFS targeted for completion March 2018