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Additional information
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, January 29, 2010

Phosphate Australia receives positive news on 3mtpa slurry pipeline initiative

by Proactive Investors company news image

Phosphate Australia (ASX: POZ) said it had received a positive outcome from a study to transport up to 3 million tonnes per annum of phosphate product via slurry pipeline from Highland Plains to the Gulf coast - at very low transport costs.

The project is located within EL 25068 abutting the NT border with Queensland and 230 km from the Gulf of Carpentaria.

Transport costs were estimated from only A$2.06 to $3.69 per tonne (pipeline operating costs only).  It said these very low transport costs completely changed the potential economics of the Highland Plains phosphate project both in terms of scale and operating costs.

Metallurgical flotation test results were also very positive from the coarse and fine fractions with continuing improvement in recoveries.

These slurry pipeline opportunities and results were as a result of the excellent water drilling results announced on 7 December 2009. And that not all phosphate projects are as well endowed with water as Highland Plains.

Scoping level capital expenditure estimates to build such a pipeline are estimated at $184 to $226 million depending on option selection. This does not include the mine-site preparation plant or dewatering plant at the barge site.

For a 3 mtpa operation these capital costs appeared to be realistic.

A barging and storage facility will also be required on the Gulf coast and the company is studying these requirements. Road transport alternatives are still possible for transporting phosphate product. However, the slurry pipeline options are now being more actively pursued due to this low OPEX opportunity presented to the company.

The company will commence resource drilling in early April at Highland Plains in support of the 3mtpa objective. This program will involve both PQ core and RC drilling and will allow the construction of a detailed resource model over the entire Highland Plains project area.

Upon completion of this program an updated resource estimate will be calculated by POZ’s independent consultants, Cube Consulting.

The Company had $6.95 million cash on hand as at the end of the December quarter.

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