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Additional Information
Market: ASX
Sector: General Mining
Epic: POZ
News: Latest news
Web Site: Phosphate Australia
Other Articles: 19-05-201019-03-201029-01-2010

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Saturday September 04, 06:00Serving up support at Babcock

Support services have been among the worst performing sectors over the past month as revenue fears from the government’s austerity measures weigh heavily on the sector.

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Friday September 03, 11:40 Goldcorp snatches Andean Resources in $3.6bn deal, trumping Eldorado`s earlier bid

Both companies are vying for Andean`s Cerro Negro gold project, which is an advanced-stage, high-grade vein system, comprising 215 square kilometers. It currently has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver, while inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Phosphate Australia

Phosphate Australia

Phosphate Australia Limited (POZ) has a clear corporate vision targeting ‘The production and sale of 500,000 to 1,000,000 tonnes per annum of premium grade rock phosphate with low contaminants into the Asian market’. 

Highland Plains is the Company’s (100% owned) leading phosphate project in the Northern Territory.  Highland Plains has an inferred resource containing 56 million tonnes at 16% P2O5. A higher grade sub-set of this resource is 7 million tonnes at 23% P2O5 in the Western Mine Target Zone (WMTZ). The WMTZ has some very shallow mineralisation and is an excellent place to target the commencement of low cost mining operations.

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Friday, September 18, 2009

Phosphate Australia keeps the high grade hits coming at Highland Plains

by Andrew McCrea company news image

Nothern Territory company Phosphate Australia (ASX: POZ) has released further strong phosphate assay results from drilling at the Highland Plains project in the Northern Territory.

Results from Phase 2 are notable, for the continued high grade phosphate intersections at shallow depth.

High grade hits included 10 metres at 24.7% P2O5 from 8 metres; (with 4 metres at 31.1% from 11 metres) and 5 metres at 24.7% P2O5 from 34 metres.

What does this mean for POZ?  Plenty, in terms of potentially developing a near term, low (CAPEX) cost, starter mining operation at "Western Mine deposit" at Highland Plains, around 500,000 tpa.  Given, the high grade, surface mineralisation discovered at the project.

Andrew James managing director of Phosphate Australia said an updated resource estimate is likely to be upgraded in late October, from the current 56mt at 16% P205, after these assay results.

The project has not received alot of publicity to date, but the company has been working diligently away toward a pre-feasibility study, including an update on the all important metallurgical test work for a pilot plant, also due in October.

The project is located within EL 25068, 500 kilometres east of Tennant Creek and abutting the NT border with Queensland. There are also transport options to port, either to Queensland or ports in NT, as well as a rail option via the Tennant Creek Railhead.

Fresh from a capital raising, POZ is cashed up, with $8m cash on board.

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