Ann: Term Sheet Signed with Samsung C&T Corporation, page-41

The proposed Ardmore phosphate operation confirms its profitability, with a forecast gross revenue of almost $1.5 billion and net cash flow of $429 million, Centrex Metals says.

The phosphate being extracted has a high percentage of P and is low in cadmium, which is an issue with some imported products.

Mr Mencel said Australia and New Zealand combined imported a million tonnes of phosphate rock annually, including product from the disputed Western Sahara regionHe said another downside of imported product was the potential for high levels of cadmium., which continues to attract global condemnation due to the alleged abuse of the rights of the indigenous population of the region.

The direct application of phosphate rock provides a long-term source of slow-release phosphorus. It is not generally used as the primary source of P as it is slow acting so it may not provide the immediate P needs for the crop in the ground.

Ardmore will make its first parcel of 25,000 tonnes of phosphate rock exclusively available for growers. Down the track it is in discussions with a number of Australian fertiliser manufacturers. So far one parcel of finely crushed phosphate rock has been sold to an organic fertiliser maker.

Today Samsung ann just confirm the demand for the quality of Admore Phosphate.