Ardmore rock phosphateThe vertical integration option at Ardmore...

Ardmore rock phosphate
The vertical integration option at Ardmore is clearly an option and is a part of the due diligence process which is currently being undertaken. Gaining complete control of the full processing and production cycle at Ardmore may very well optimise the project for shareholders and yield the best outcome for our world class asset.

Oxley Potash
This is fast becoming the jewel in the Centrex crown. The project has a maiden 155 million tonne Inferred Mineral Resource at 8.3% K2O (using a 6% K2O cut-off) from just a 3km section of the overall 32km strike. I will state that again, the project has a maiden 155 million tonne Inferred Mineral Resource at 8.3% K2O (using a 6% K2O cut-off) from just a 3km section of the overall 32km strike. Large resource extensions have been identified over the remainder of the Oxley deposit and interpretations have estimated a mineral resource well in excess of a billion tonnes using a 6% K2O cut-off.

The next step in the development of Oxley has commenced. Ore samples have been collected for new metallurgical test work which will test the ability to convert Oxley’s ore structural potassium into to an environmentally friendly soluble plant available potassium using a relatively simple low-cost alkali-hydrothermal treatment. If successful, it would demonstrate the potential to create a novel low-cost potassium fertilizer. The test work is expected to be completed by October 2021.

Potash has now become one of the prioritised forward facing commodities - as defined by BHP - and we have a project which will be the envy of others. Look at the JORC and the feasibility study and l am sure you will reach a similar conclusion. I suspect that when the Oxley project value starts to be reflected in the share price then things will move forward at a rapid pace. I am not sure why the market has not woken up to this at this stage but it is a chance for others and my followers to get in near rock bottom prices. We will gap up real soon.

Ragingboom says:
The CXM Xmas present is going to be huge.