Phosphate Australia Limited (POZ) has a clear corporate vision targeting The production and sale of 500,000 to 1,000,000 tonnes per annum of premium grade rock phosphate with low contaminants into the Asian market.
Highland Plains is the Companys (100% owned) leading phosphate project in the Northern Territory. Highland Plains has an inferred resource containing 56 million tonnes at 16% P2O5. A higher grade sub-set of this resource is 7 million tonnes at 23% P2O5 in the Western Mine Target Zone (WMTZ). The WMTZ has some very shallow mineralisation and is an excellent place to target the commencement of low cost mining operations.
POZ Price at posting:
15.7¢ Sentiment: Buy Disclosure: Held