Just on that, below is a list of the three phosphate projects looking to get into production. Verdant (which was acquired for $40m for the residual shares in the company and essentially the land) have now changed to SPA as the only economic route for mining ammaroo, look at the capital cost verdant is looking at to setup a SPA plant. The value in the novaphos asset/license is still largely unrealised given time to commercialise and historical poor management of the company.
Mine Name WONARAH/ARRUWURRA (STAGE 1)
Company Avenira Limited (Minemakers Australia Pty Ltd)
Location 250 kms east of Tennant Creek
Description Proposed open cut mine with processing on-site using improved hard process (IHP) to
produce super phosphoric acid (SPA) @ 70% P2O5. Phased development with the first
production train producing 181,000 t P2O5 per annum, progressively increasing to 0.9
Mt per annum over six year period.
Product Super phosphoric acid (SPA)
Resource 842 Mt @ 18.1% P2O5 (10% cut-off ); 1,406 Mt @ 13.5% P2O5 (5% cut-off )
Mine Life >30 years
Approvals Environmental: June 2013 Mining – pending validation of IHP technology
Proposed Schedule Development schedule dependent on successful validation of IHP technology. March
2018 new demonstration plant completed. August 2018, successful production of
super-phosphoric acid from low quality rock phosphate. Further upgrade the
commercial demonstration plant for on-demand sustained operations. During 2019,
Novaphos (formerly JDC) made additional improvements to its technology, further
enhancing the efficiency and reliability and has initiated a process of engagement with
major phosphate producers and engineering companies to fully commercialise the
Novaphos (IHP) technology. Revised Scoping Study in progress.
Jobs Construction – Up to 200 Production – 110 rising to 350 at full production
Capex Estimated initial capital $350M (stage 1) increasing to $1.2B over 6 years.
Mine Name BATCHELOR PHOSPHATE PROJECT
Company GTGF Australia Limited
Location Approx 70 kms south of Darwin and 2 kms east of Batchelor.
Description Potential shallow open pit strip mining operation with on-site processing through
simple crushing and screening. Mining is expected to start at 55,000 tonnes per
month and increase after 1-2 years to 100,000 tonnes per month. Ore will be trucked
to Darwin port for export.
Product Phosphate DSO rock
Resource 3 million tonnes@ 23% P2O5 (at 12% P2O5 cutoff)
Mine Life Current Mine Plan based on 3-4yrs.
Development subject to environmental and mining approvals.
Approvals Development proposal (Notice of Intent) submitted to EPA in May 2020.
EPA requested further information to be submitted on 5 June 2020.
Proposed Schedule Construction – 2021, subject to approvals Production – 2021
Jobs Construction – TBA Production – 12-15
Capex To be advised
Mine Name AMMAROO
Company Verdant Minerals Ltd
Location 220 kms SE of Tennant Creek
Description New mine – open cut strip mining operations with crushing and screening to produce
Phosphate Rock for conversion to phosphoric acid for export or further conversion to
ammonium phosphate fertilizers.
Bankable Feasibility Study (DSO) was completed in May 2018. Takeover by CD
Capital in June 2019 & company privatised – currently assessing phosphoric acid
production option.
Product 500,000 tpa Phosphoric Acid
Resource Global Resource of 1.145 billion tonnes @ 14% P2O5 (10% cut-off)
or 338 Mt @ 18% P2O5 (15% cut-off)
Measured Resource of 138 Mt @ 15.7% P2O5 (10% cut-off)
Mine Life 25 years plus (Potentially as much as 100 years)
Approvals Environmental – Oct 2018 (NT) & June 2018 (Federal) for rock phosphate project.
A variation to the Project for production of phosphoric acid is now required.
Mining – pending grant of Mineral Leases & approval of Mining Management Plan.
Proposed Schedule Construction – H 1 2022 Production – H1 2024
Jobs Construction – 900 Production – 250
Capex Estimate $1.4 Billion
https://resourcingtheterritory.nt.gov.au/__data/assets/pdf_file/0008/756548/Potential-Mining-Developments-report.pdf
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