the ian middlemas factor, page-27

hi brickworks

this morning's ann again confirmed what we have been saying over & over again

Highlights:
o Application lodged over southern extension to carbonatite phosphate discovery with a potential to increase the prospective zone from 1 kilometre to 2.4 kilometres.
o Recent drilling results highlight the area’s potential to host a near surface phosphate deposit in close proximity to infrastructure, primary agriculture customers and fertiliser blenders.
o Early interpretation indicates that the projects are similar to the carbonatite style hosted phosphate deposits mined by Vale within Brazil, examples include the Araxa´ (Reserve: 88.7 Mt @ 11.12% P2O5) and Cajati (Reserve: 85.1 Mt @ 5.45% P2O5) operations.
o The Vale carbonatite projects beneficiate readily to concentrates as high as 36% P2O5 and are typically zoned with higher grade oxide ore sitting above lower grade primary ore.
o The Company will commence beneficiation test work and has engaged independent consultants to commence a Mineral Resource estimate that can be reported in accordance with the JORC Code and to NI 43-101 standards.


JORC is coming next qtr I think

some of those big sell orders should just come down to fill 52c gap & we can get on with it

should see some speculation run leading up to the JORC release