From the annual report:
The Highland Plains Phosphate Project in the NT has a JORC (2004) Code Inferred Resource of 53 million tonnes at 16% P2O5 (ASX release 31 March 2009). The Project is 100% owned by GIB and has no private royalties. Discussions have taken place with various parties during the year with a view to the sale of Highland Plains.
So with rock phosphate prices at 5 year highs and news out during the week that China the worlds largest producer of rock phosphate are looking to ban phosphate exports..... this now becomes a food security issue and no doubt will have significant flow on effects to rock phosphate prices which should help GIB with their stated ambitions.
https://www.abc.net.au/news/rural/2021-10-01/china-expected-to-stop-phosphate-exports/100505026
Rock phosphate project
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