Phosphate Australia said better conditions in the agrichemicals sector has provided an opportunity for the company to formalise partnering discussions for Highland Plains Rock Phosphate Project in the Northern Territory
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Phosphate Australia
www.phosphateaustralia.com.au/Phosphate Australia (ASX: POZ) is targeting the production and sale of 500,000 to 1 million tonnes per annum of premium grade rock phosphate with low contaminants into the Asian market.
Highland Plains, the company's leading phasphate project in the Northern Territory, has an Inferred Resource of 56 million tonnes at 16% P2O5.
In-Depth Phosphate Australia Articles
Archive-
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29/01/2010
Phosphate Australia receives positive news on 3mtpa slurry pipeline initiative
The dramatic reduction in transport costs for product movement from the conceptual mine site to the potential barging facility has enabled POZ to pursue an export operation of up to 3 mtpa.
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19/10/2009
Phosphate Australia resource jumps at Highland Plains in Northern Territory
Andrew James said POZ is in a strong financial position to progress the project through near-term studies, toward developing "Australia’s lowest operating cost, new phosphate mining operation."
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18/09/2009
Phosphate Australia keeps the high grade hits coming at Highland Plains
The probability is increasing because of assay results received that a phosphate resource upgrade will occur in October. As well as the odds, for a near term starter mine at at Highland Plains due to high grade, near surface mineralisation.
Phosphate Australia News
Archive22/03/13
Phosphate Australia extends gold mineralisation in Western Australia22/01/13
Phosphate Australia starts drilling at Tuckanarra Gold Project27/12/12
Phosphate Australia defines maiden gold resource at WA project17/05/12
Phosphate Australia achieves gold recoveries up to 99.3% from Tuckanarra02/04/12
Phosphate Australia: Anglo American farms into Musgrave Project
Presentations & Company Media
No documents available.
Related Research & Media
Current Operations:
The Company has phosphate exploration projects at three different stages of maturity - advanced, intermediate and exploration stage.
Advanced Stage: Highland Plains Phosphate Project
At the most advanced stage is the Company’s 100% owned Highland Plains Project Highland Plains Phosphate Project in the Northern Territory of Australia . There is a JORC code compliant phosphate resource at Highland Plains All quoted resource numbers were calculated by Independent Resource Consultants, Cube Consulting Pty Ltd.
1.1 Western Mine Target Zone: A higher grade, shallower area targeting an initial, low capex, start up mining operation:
Inferred Resource of 7 million tonnes at 23% P2O5 with a lower cut off of 20% P2O5.
The cut off grade at 20% P2O5 is a comparatively high grade and gives the potential for better project economics.
The aim of the Companies Phase 1 work has been to clearly identify the area at Highland Plains where a commercial phosphate mining operation could be initiated. This area has shallower mineralisation, with a lower strip ratio anticipated to enable the building of a low capex ‘starter mine’.
Mineralisation begins at the western edge of the western area almost at surface, and gently dips to the east. Drilling has shown some very high grades (including 5m at 30.5% P2O5 from 2m in hole HAC001) in this western area. This is the obvious place to begin mining and enables POZ to target an operation that requires a low capex start up cost.
1.2 Total Resource at Highland Plains:
Inferred Resource of 56 million tonnes at 16% P2O5 with a lower cut off of 10% P2O5.
This resource confirms that Highland Plains is indeed a large and persistent mineralised phosphate body. These numbers are based upon the limited amounts of drilling to date over a large area.
The Board of POZ believe these resources have the potential to be significantly improved (particularly the higher grade shallow areas) with further drilling programs.
For further details please CLICK HERE
Intermediate Stage: Alexandria, Alroy and Buchanan Dam Phosphate Prospects
Further areas of known historical phosphate mineralisation in drill holes also occur on the Company's tenements at Alexandria, Alroy and Buchanan Dam. Previous drill intersections include 6.1m @ 25.0% P2O5 from 12.2m (Buchanan Dam), 6.1m @ 15.6% P2O5 from 48.8m (Alexandria) and 4.6m @ 15.5% P2O5 from 17.4m (Alroy).
These documented historical occurrences were reported with substantial bulk mineralisation estimates which would require far more drilling to meet today's reporting standards.
The Company intends to conduct follow up drilling to define the known phosphate mineralisation described above and explore for extensions to that mineralisation.
For further details please CLICK HERE
Exploration Stage: Georgina Basin Regional Phosphate Exploration
Phosphate Australia Limited is in a very strong position to make new greenfields phosphate discoveries. Some of the most prospective ground in the Northern Territory is held by the Company. There are three main areas of interest (see figure):
1. Along strike from Highland Plains following the Proterozoic unconformity.
2. North of Highland Plains targeting Cambrian phosphate inliers within the Proterozoic.
3. Radiometric anomalies within the Georgina Basin itself.
For further details please CLICK HERE
Iron Project
The Company's tenements include areas that have known iron occurrences and are prospective for Clinton style oolitic iron mineralisation.
Recent geological mapping by the Northern Territory Geological Survey ("NTGS") has identified outcrop and sub-crop of iron-bearing formations on the Company's tenements that lie within the South Nicholson Group. NTGS confirmed that one of these formations is equivalent to the host unit for the Constance Range iron ore deposits that lie just over the border in Queensland. The style of mineralisation has been described as Clinton type oolitic ironstones.
Iron ore exploration was conducted in the Constance Range area in Queensland in the early 1960s. Results for this exploration are based upon historical data that was prepared before the introduction of the JORC Code and as such is not able to be included in this Prospectus.
Since the discontinuation of the Constance Range iron ore project in the early 1960s, iron ore industry economics have changed considerably. The massive stratiform oolitic ironstones for which the Company's South Nicholson Basin tenements are prospective and has known occurrences, make it an excellent iron ore exploration target.
The Company's tenements in the South Nicholson Basin are under explored for iron ore and have considerable potential to convert known iron occurrences into commercial tonnages and grades. From recent mapping and site visits the Company has defined target areas for follow up.
It is the intention of the Company to follow up these targets with field mapping and sampling.
For further details please CLICK HERE
Uranium Project
The Company's tenements in the South Nicholson Basin region are prospective for uranium. The rocks here are from Lower to Upper-Proterozoic in age and are being targeted for unconformity type uranium deposits. The "hot" (uranium rich) Murphy Inlier granite adjoins the northern part of the tenement area which could potentially act as a source for uranium rich fluids.
There are numerous airborne uranium radiometric anomalies on the Company's tenements that are prospective for uranium mineralisation; these anomalies warrant ground follow up.
The Company intends to field map and sample the uranium radiometric anomalies and associated structures. A hand held scintillometer will be used whilst mapping to assist with identifying any areas of outcropping uranium mineralisation or account for the radiometric anomalies. The results from mapping and sampling programs would provide orientation data for follow up geophysics surveys and drilling as required.
For further details please CLICK HERE
Management
Major Shareholders
No info available.
Contact Information
Suite 4, 6 Richardson Street
West Perth WA 6055
tel: +61 8 9322 6811
fax: +61 8 9226 0130
email: info@phosphateaustralia.com.au
Corporate Information
Link Market Services Limited
Level 12
680 George Street
Sydney
NSW 2000
Australia
Tel: 1300 554 474
