ABR.....great spiel if nothing else..
- oron producer, American Pacific Borates, or ABR, has provided updates on activities at its Fort Cady Borate Project in southern California
- Fort Cady is the largest known borate occurrence in the world not owned by Rio Tinto or Eti Maden
- ABR is focused on engaging a U.S. university to conduct crop trials for a speciality fertiliser to be produced at Fort Cady
- The company will leverage this product to target the high-priced U.S. market for fertilisers with little chlorine that are better for crops
- ABR is also discussing with Amvest Capital and Chinese SOEs for financing and off-take contracts
Fort Cady Project
Overview
American Pacific Borate and Lithium Limited is focused on advancing its 100%-owned Fort Cady Borate and Lithium Project located in Southern California, USA (Figure 1). Fort Cady is a highly rare and large colemanite deposit with substantial lithium potential and is the largest known contained borate occurrence in the world not owned by the two major borate producers Rio Tinto and Eti Maden. The Project has a JORC mineral estimate of Resource of 120.4 million metric tonnes (“Mt”) at 6.5% B2O3 (11.6% Boric Acid equivalent [H3BO3] and 340 ppm Lithium (5% B2O3 cut-off) for 7.8 Mt contained B2O3 (13.9 Mt H3BO3):
