Ann: Environmental Authority approved for Korella, page-2

re: Ann: Environmental Authority approved for... Thats a good sign

The issue of the EA now allows Korella Phosphate’s Mining Lease 90209 to be publicly advertised and go through due process with the Queensland Department of Natural Resources and Mines. It is expected that the Lease will be granted in 8-10 weeks time – allowing the Company to then commence Trial Mining at Korella. Potential customers in Australasia and SE Asia will be supplied with +30% Phosphate material for test work and to facilitate possible Offtake Agreements. Krucible is currently in close discussions with a number of companies who have expressed interest in partnering Korella Phosphate to development as early as 2013.