Announces Progress and Strategy Presentation
Brisbane, Dec 11, 2013 AEST (ABN Newswire) - 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
About Fertoz Ltd
Fertoz (ASX:FTZ) is an Australian-based phosphate exploration and development company with a range of projects in British Columbia, Canada as well as Queensland and the Northern Territory. The Company is focused on becoming a fertiliser producer as quickly as possible, initially focusing on the Canadian/USA markets.
Fertoz plans to develop its exploration assets in Canada in order to identify any potential Direct Shipping Ore (DSO) projects. It intends to seek joint venture partners to assist in funding the exploration projects in Australia.
Phosphate is a commodity necessary for feeding the world, and Fertoz is ready to capitalise on this growing demand.
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