Overview
Key Project Facts:
Premium phosphate product - PhosAgri
- One of the highest-grade phosphate projects in the USA – in-situ grade of 23% P2O5 and available 12% P2O5 prior to any beneficiation (average USA market grade is 3%)
- Ideal as a direct application product, as well as for use in blending
- Phosphate product low in heavy metal impurities – important for both marketing and quality assurance
Simple mining and processing
- Simple hydraulic excavation, crushing and milling operations – no chemical processing needed. Construction of our granulator facility at our newly acquired Delta Processing Facility is underway which will be commissioned during the second quarter of 2024.
- Low carbon footprint by producing a DSO product for sale directly into the domestic market
Organically certified
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Our PhosAgri products are fully organic certified by four bodies in the US – WSDA (Washington), OMRI (Organic Materials Review Institute), CDFA (California) and ODA (Oregon)
Flexibility to meet market demand
- In-house beneficiation provides capacity and flexibility produce a range of mesh and granulated products to suit customer requirements
- No third-party tolling required which lowers operating costs
Direct access to high demand domestic market
- Central Utah mine location ideally placed to supply a direct application fertiliser into the growing US organic farming market
- Organic fertiliser market forecast to grow to $2.5bn by 2029
Long life of mine
- Initial project LOM of 10 years based on a 400kt resource (non-code compliant)
- The 1980 surface mineable resource estimate is 4.5Mt representing in excess of 60 years of production
Robust Economics
- High margin, low capex, scalable mining operation
- Strong long term fundamentals of phosphate market