Fertoz Limited Receives Approval For 10,000 Tonne Bulk Sample at Fernie

Perth, July 17, 2014 (ABN Newswire) - Fertoz Limited (ASX:FTZ) ("Fertoz" or the "Company") is pleased to announce that the British Columbia Ministry of Energy and Mines has approved a permit to allow the Company to extract a surface bulk sample of 10,000 tonnes of phosphate rock from the Marten tenements of its Fernie Phosphate Project in British Columbia, Canada.

Managing Director Les Szonyi said: "Marten is particularly attractive because of the excellent road and rail access. We are planning a small targeted drill programme and the extraction of a 10,000 tonne bulk sample. We intend to progress bulk sample collection at both the Marten and Wapiti projects this year and now have approval for a total of 27,500 tonnes of bulk sample from the two projects."

In June, Fertoz located historical phosphate mine shafts, associated stockpiles and a road base pit containing phosphate.

Assays of phosphate stockpile samples using a portable Olympus X-Ray Flourescence (XRF) device were between 24% and 27% P2O5. Analysis over a grid traverse on the property was carried out with the XRF to locate the phosphorite zone which was found within a road base pit located 1,200m from the shafts. The pit averaged 20.7% P2O5 on the surface of the phosphorite zone using the portable XRF. The pit has good road access and is suitable for easy trenching. (Refer to ASX Announcement 11 June 2014.)


About the Marten Tenements

Marten is a 1,215 hectare tenement package located 20km south east of Sparwood along Corbin Road between Fertoz's tenements at Crows Nest and Barnes Lake. The three lots of tenements, known as the Fernie Project, are located within 25kms of each other and are well supported by the established mining communities of Fernie and Sparwood, which are less than 30km away and provide a ready source of labour, business and government facilities. The area has well-developed road and rail transportation, links to ports on Canada's west coast and regional centres in Alberta and the north-western United States. The Fernie Project adjoins the largest agricultural area in Canada, responsible for 80% of Canadian agricultural output. It is on the border with the United States, the largest organic market in the world.

The Consolidated Mining and Smelting Company of Canada Limited (Cominco) carried out exploration in an extensive area of phosphate bearing rocks in 1926, covered by the Marten tenements. Cominco established an underground phosphate mine for exploration purposes there in 1929, employing 13 people. Two shallow incline shafts were sunk and two small prospect tunnels were driven on the outcrop of the phosphate bed and a 7ft by 8ft drift (2.1m by 2.4m) was advanced 200 ft (61m)-Ref. BC Minfile Report 082G10.

Fertoz plans to follow the low cost model of exploration and development successfully used at the Company's Wapiti Project.

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FTZ-807009.pdf


About Fertoz Limited

Fertoz Limited (ASX:FTZ) (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.



Contact

Fertoz Limited
Les Szonyi, Managing Director
Fertoz Limited
M +61 418 158 185

Nathan Ryan
Investor Relations
NWR Communications
M +61 420 582 887