Highlights:
- Reconnaissance rock chip sampling of the recently acquired 300,000 hectare Mata da Corda Phosphate Project (“MCPP”) continues to provide encouragement and has identified another drilling target area.
- Surface rock chip sampling from Block 1 has returned grades of 13.35% and 12.95% P2O5 from host rocks that are up to 50 metres thick and extend laterally for several kilometres
- This new discovery builds on the success of the recent announcement of surface mineralisation in Block 5 and further highlights the area’s potential to host a near surface phosphate deposit.
- Drilling programs are being finalised to test Blocks 1 and 5 immediately after the completion of drilling at the Capacete Target to the east.
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