Summary
- Initial JORC compliant inferred resource of 21Mt @ 4.6% P2O5 including higher grade oxide zone from surface of 1.8Mt @ 10.9% P2O5
- Três Estradas initial inferred resource estimate is derived from shallow auger holes and 19 core holes drilled to 100 metres depth over a length of 1,160 metres
- Significant potential to expand resource with additional drilling below 100 metres and along the carbonatite zone which extends for an additional length of 1,400 metres
- Overall grade and preliminary metallurgical results are similar to carbonatite hosted open-cut operating mines in Brazil and globally that are presently mined to depths of 220 metres (Siilinjarvi, Finland) and 375 metres (Cajati, Brazil)
- Project scoping exercise to commence shortly to produce a concentrated rock phosphate product
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