Ardmore Phosphate Project

 

Commodity:

Phosphate

Ownership:

100%

Location:

North West, Queensland

Summary:

The Ardmore Phosphate Rock Project (“Ardmore”) is located south of Mt Isa in North West Queensland. The project is linked to the Port of Townsville via an existing rail line. Ardmore is one of the few remaining undeveloped high-grade phosphate rock deposits in the world. Centrex is developing a phosphate rock export operation. The deposit lies on an existing Mining Lease. The deposit is shallow and can be cheaply mined via open-cut strip mining without the need for blasting. Once the already high-grade ore is crushed to meet export sizing specifications, removal of fine grained mainly clay material produces a premium grade concentrate product. Centrex is currently completing a Feasibility Study for the project due for completion in mid-2018.

Australia and New Zealand are reliant on phosphate rock imports for their production of single superphosphate, mainly from North Africa. Ardmore has a significant freight advantage over the current suppliers.

JORC:

Current Mineral Resources for the project are 14 million tonnes at 29% P2O5 (using a 19% P2O5 cut-off). This includes 12 million tonnes of Indicated & Measured Mineral Resources.  For more information please see the following announcement:

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