low mine life capital risk, page-33

They have strata of the same formation that is likely phosphate rock bearing to the north of their ML

So it is possible this is what they have told Ragingboom about. No drilling up there to my knowledge, I haven't checked the status of the exploration lease application. I'd imagine the announcement he is talking about will relate to it's approval. A quick field map and a couple of drill holes to confirm the presence of rock phosphate won't cost much nor detract from the focus on the project. I'd imagine that's what they have planned.