Ann: Wonarah Project Update, page-46

I’ll re-post one of my earlier posts:

”Verdant with the Ammaroo resource in the NT was taken over for $40Mill when the phosphate price was around $100. Ammaroo has a resource of 1.145 Bt @ 14.26% P2O5 including 348 Mt @ 18% P2O5. The fertiliser price is now 50% higher at $150 with no signs of slowing and AEV's Wonarah also in the NT has a resource of 842 Mt @ 18.1% P2O5 including 5.3 Mt @ 30% P2O5 (Main Zone) and 4.4 Mt @ 30% P2O5 (Arruwurra)”

As I also said previously, if Ammaroo is profitable at $100/t then anything over $100/t is pure profit. Same same for Wonarah. Huge potential...absolutely huge!