Since inception, Fertoz has applied multi-tier screening to...

Since inception, Fertoz has applied multi-tier screening to various project opportunities. Fertoz’s initial focus was on the known geological regions in Australia where demonstrated mineral concentrations occur and within regional proximity to existing discoveries. Fertoz’s exploration model is based on the geological criteria considered important to the development of commercial quantities of phosphate. Specifically, the model targets organic-rich carbonate rocks on depositional basin margins. Complementing this strategy has been a focus on projects where scale and proximity to infrastructure including roads, rails, energy and ports exists.

Fertoz’s project areas were selected based on historical phosphate exploration results and a more recent Northern Territory Geological Survey compilation of data from numerous water bores, identifying areas with enriched phosphatic sedimentary units.

Further research led Fertoz to acquire a large number of tenements in the Northern Territory in October 2010. Fertoz has now compiled an extensive portfolio of Exploration Licences (“EL”s) and Exploration Licence Applications (“ELA”s) covering an area of approximately 35,000 km2 across the Northern Territory. Fertoz is targeting sedimentary phosphorite mineralisation in a number of these areas including the Daly, Wiso and Georgina Basins. Fertoz has embarked on a $1.3 million exploration programme over a twelve month period with drilling expected to commence in July or August 2011 across a number of the tenements in the Northern Territory.

- The Barkly Project comprises four granted ELs with a combined area of 4,487 km2. Portions of these tenements are adjacent to the Minemakers’ phosphate discovery at Wonorah and the project area straddles the Eastern highway to Tennant Creek.

- The Barrow Creek Project comprises five granted ELs with a combined area of 2,769 km2. One of the tenements is immediately adjacent to the recently discovered Rum Jungle Limited (ASX:RUM) phosphate at Barrow Ck-1. The Fertoz tenements straddle the Stuart Highway and are close to the railway and the Amadeus Basin – Darwin gas pipeline


Im guessing NUP have JV the second one called Barrow Creek Project. Either way both MAK and RUM must be looking even closer at NUP and their market cap. I would be happy for a cash script of 20c for my NUP shares!

Also

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=134114572