Friday 29 July 2011GEOLSEC APPROACHED BY ONE OF THE LARGEST...

Friday 29 July 2011
GEOLSEC APPROACHED BY ONE OF THE LARGEST JAPANESE
TRADING COMPANIES IN RELATION TO SECURING OFF-TAKE
AGREEMENTS FOR SUPPLY OF GEOLSEC ORGANIC PHOSPHATE
 KORAB/GEOLSEC APPROACHED IN RELATION TO SECURING OFF-TAKE
AGREEMENTS TO SUPPLY 150,000 TPA OF ORGANIC PHOSPHATE ROCK &
POTENTIAL PARTNERSHIP TO DEVELOP AND EXPAND PRODUCTION
CAPACITY
 INDICATIVE PHOSPHATE OPERATING COSTS & PRICING
 DRILLING PROGRAM AT RUM JUNGLE TO INCREASE PHOSPHATE
TONNAGE & TEST VARIOUS RARE EARTHS, COPPER & NICKEL TARGETS
Korab Resources, an Australian resource development and exploration company is very pleased to
advise that Korab and it?s wholly owned subsidiary Geolsec Phosphate Operations P/L have been
approached by a major trading house in relation to securing off-take agreements for supply of
150,000 tonnes per annum of Geolsec Organic Phosphate.
The company seeking to secure the 150,000 tpa off-take from Geolsec is one of the largest Japanese
general trading companies (sōgō shōsha) with an annual turnover of US$129 Billion and with
interests in food products, food materials, forest products, chemicals, energy, metals, minerals,
power, infrastructure, finance, logistics, IT business, transportation, plant & industrial machinery and
real estate.
The second aim of their approach to Korab is to explore potential for a partnership to develop and/or
expand Korab?s Batchelor project?s production capacity.
This announcement is made as a matter of compliance with continuous disclosure obligations