article of interest

Minemakers Limited's shares on a tear as phosphate interests attract investors
Monday, September 09, 2013 by Proactive Investors



Minemakers Limited (ASX: MAK) has been receiving some strong investor interest recently, with shares in the company rising 16% to $0.145 on high volume on Friday.

Minemakers stock is now up more than 50% from the lows in June.

The company is focused on the wholly-owned Wonarah phosphate project in the Northern Territory, which is the largest known phosphate deposit in Australia.

Highlighting the upside potential of the project, only 15% of the known mineralisation has been sufficiently drilled to enable a resource estimate to be defined.

Minemakers is aiming to leverage off existing available infrastructure to develop a major centre for the production of superphosphoric acid.

The first acid production utilising the Improved Hard Process is expected from JDCPhosphate's demonstration plant in September. Minemakers holds a 6.3% equity interest in JDCPhosphate.

Infrastructure includes access to an established bulk commodity port at Darwin, and proximity to a standard gauge railway with spare freight capacity, natural gas supply and ground water.

There is also Northern Territory Government support and designation as a major project.





http://www.proactiveinvestors.com.au/companies/news/47716/minemakers-limiteds-shares-on-a-tear-as-phosphate-interests-attract-investors-47716.html