At a 20% P2O5 lower grade cut-off, Inferred resources in both Wonarah’s deposits change to a total of 131Mt @ 22.8% P2O5.
The fertiliser giant IPL at Mt Isa has 130Mt @ 23.3%. Hence, comparing the deposits using only the best grade material one can barely seperate them.
But using cut-off of 15% Rock phosphate the MAK deposit is far far bigger thn that of IPL.
Overall a fantastic result. MAK bargain at current SP. Who can doubt we are facing world food shortage with depleted arable land requiring additional nutrition for crops and pastures?
mak deposit equals that of ipl
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