Fertoz Limited Commences Bulk Sample at Wapiti
29.08.2014 | ABN Newswire
Perth, Australia (ABN Newswire) - Phosphate developer Fertoz Ltd. (ASX:FTZ) is pleased to announce that it has commenced bulk sample collection from its Wapiti Project in British Columbia, Canada. Two farmers have taken product and have commenced processing the phosphate ready for farm trial application which is expected to start in October 2014.Fertoz will seek to sell the bulk sample product and is in the process of assessing various marketing agents and distribution channels to support its sales drive. At the same time, the bulk sample mine will provide important data to support its small mine application of up to 75,000 tonnes per annum of phosphate.
Environmental baseline data collection and analysis has been completed by Nova Pacific Environmental and an environmental report prepared to support the small mine application. No residual adverse effects are expected from mining after implementing the mitigation measures outlined in the report.
Managing Director Les Szonyi said: "Phosphate grinding trials using a hammer mill have produced a soft low dust product which farmers believe can be added to their soil without further processing.
"The optimisation of the bulk phosphate sample collection process at Wapiti over the next two months will allow the small mine application to be finalized."
About Wapiti
The Wapiti Project (which includes the Wapiti East and Wapiti West tenements) totals an area of 18,070 ha and is located near Tumbler Ridge, in British Columbia, Canada. The project is easily accessible by sealed roads and forest service roads and has rail access within 80 km. The Company is focused on the Wapiti East tenements and previous work indicates a consistent and continuous at-surface phosphate-bearing horizon which has a potential strike length of up to 39km. Results of phosphate testing indicates up to 10% availability which makes the product at Wapiti East particularly attractive to the North American organic sector, the largest organic market in the world.
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About Fertoz Limited:
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.<
Contact:
Fertoz Ltd.
T: +61-7-3396-0024
F: +61-7-3396-0024
www.fertoz.com
