MAK's neighbour MNM just north have highly prospective tenament...

MAK's neighbour MNM just north have highly prospective tenament twice as big as MAK but still in early stages of exploration. It has also other projects such as Coal, Coal Bed Methane, Gold and Uranium some of which will be in development before the phosphate production.

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From MNM latest updates

Phosphate Exploration Update

Mantle would also like to advise that the desktop study in relation to exploration of its Phosphate tenements in the Northern Territory (EL’s 26018, 26019, 26020 & 26021) has just been completed with over 25 high priority targets for field reconnaissance having been generated. Preparations have commenced for an initial field exploration visit in August. An initial drilling programme will be drawn up on prioritised targets and pending regulatory approvals, the programme should commence before the end of the calendar year.