Highlights:
- Highly experienced team of contractors engaged to develop the Bankable Feasibility Study of the Três Estradas Phosphate Project in Southern Brazil – now over 50% complete
- Production scale has been optimised, maximising project value and establishing a seamless integration into the Southern Brazil phosphate market
- First 4-5 years of production will focus on high grade oxide material of +10% P2O5 which minimises the need for crushing and flotation infrastructure at start-up
- Both initiatives of Optimizing Production Scale and Mining high grade ore will likely substantially reduce initial CAPEX
- Proposed use of locally produced coal rather than diesel for drying the phosrock is expected to reduce operating costs
- Other trade off studies are ongoing and will be included in the final BFS which will reflect further material reductions in both CAPEX and OPEX once mine is operating
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