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Fertoz Limited (ASX:FTZ) announces the progress report presentation for the North American phosphate exploration and development.
Fertoz is exploring for high-grade phosphate resources in British Columbia, Canada.
Canada became an importer of phosphate rock in November 2013.
Highlights of the presentation include:
- Four projects in BC, Canada - Wapiti East, Barnes Lake, Crows Nest, Wapiti West.
- Small deposits, selectively mined for high grade, low impurity phosphate - suited to the organic farming market or toll-processing at third party beneficiation plants
- Focus on near-term high grade assets that can produce cash flow with low capital expenditure
Corporate
- Listed on Australian Securities Exchange (ASX) on 2 September 2013
- Raised $4 million before costs
Canada Projects
- Wapiti East; completed 2,098 metre, 62-hole drill program since listing; 2 tonne bulk sample at 24.3% P2O5; confirmed continuous phosphate >20% P2O5, open at depth > 35m and along strike > 17km
- Initiated early stage exploration activities at Wapiti West, Crows Nest and Barnes Lake Projects
- Doubled size of Barnes Lake project area
Australian Projects
- Executed sale agreement to divest Katherine and Barkly tenements, in Northern Territory to Mandarin Mining Pty Ltd for $50,000
To view the full presentation, please visit:
http://media.abnnewswire.net/media/en/docs/76333-fertoz202013.pdf
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