Infill Drilling Results Confirm Grades and Thicknesses of Três Estradas Mineralisation

Highlights:

•  4,200 metres (44%) of total 9,500-metre program now complete – ahead of plan for this aspect of BFS
•  Initial results confirm grades and thickness of mineralisation
•  TED-16-079 returned 13.90 metres averaging 7.16% P2O5 from surface including 5.90 metres @ 11.69% P2O5
•  TED-16-084 returned 38.30 metres averaging 12.82% P2O5 from surface
•  Samples being collected for pilot plant test at Eriez Flotation Division
•  Results confirm homogenous nature of the Três Estradas deposit

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