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ASX Announcements

Lucena Phosphate Project: Initial Inferred Jorc Compliant Mineral Resource Estimate of 55Mt

By April 8, 2013November 4th, 2020No Comments


  • Initial JORC compliant inferred mineral resource of 55Mt grading 6.42% P2O5.
  • The estimate is derived from 40 core holes totalling 3,061 metres.
  • The mineral resource only covers a small part of the project area with room to expand into an adjacent tenement still under application.
  • The Company holds an extensive land position in the region located close to existing infrastructure including roads, water, power and ports.
  • Brazil imports over 50% of its phosphate needs and the project is located near phosphate consumers in a market primarily supplied by imported phosphate.
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