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MENAFN - ProactiveInvestors - Australia - 20/11/2012

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(MENAFN - ProactiveInvestors - Australia) Midwinter Resources (ASX:MWN) has taken to phosphate, expanding its phosphate ground in Australia and South Africa.

The company has interests in ferrous metals feed stocks including iron ore and limestone in South Africa as well as applications for coal tenure in Botswana and Swaziland.

The phosphate interest is expanded to 820 km2.

The South African Department of MineralResources has accepted two prospecting right applications over known phosphate occurrences.

The phosphate occurrences in South Africa are located in areas of mature infrastructure including roads, rail, power and ports.

Four exploration licence applications have been lodged in Western Australia over prospective phosphate occurrences where previous drilling shows grade up to 11.6% P2O5.

Four exploration licences prospective for phosphate and potash mineralisation in the Kimberly region of Western Australia have been lodged. The combined area of the applications is 614 square kilometres.

Phosphate is a play on growing population, improved standards of living, and food security issues which drive longterm fertilizer demand.

The constant pressure to improve agricultural productivity is likely to sustain the demand for phosphate and maintain longterm, upward pressure on fertilizer prices, including phosphate.

 






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