Itafos Inc. files updated technical report for phosphate fertilizer project in Idaho
Published by Emily Thomas,
Deputy Editor
World Fertilizer,
Itafos Inc. has announced that it has filed an updated technical report for Itafos’ Conda, a vertically-integrated phosphate fertilizer project in Idaho. The Conda Technical Report demonstrates increased mineral reserves and the opportunity for continued operations at the Conda Project through to 2037.
The Conda Technical Report, titled ‘NI 43-101 Technical Report Itafos Conda Project Idaho, USA,’ with an effective date of 01 July 2023, was prepared for Itafos by WSP USA Inc. WSP in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101).
Technical report highlights for Conda Project:
- The mine schedule shows ore production for the Conda Project through 2037.
- The mineral resource estimate for Husky1-South Maybe Canyon (H1SMC) and North Dry Ridge (NDR) (collectively H1/NDR) increased from 38.1 million t (dry) at ~24.3% - ~27.0% P2O5 to 40.5 million t (dry) at ~24.2% - 26.7% P2O5.
- The total estimated mineral reserves for Conda increased from 14.4 million t (dry) at ~26.6% P2O5 (as of 01 July 2019) to 33.7 million t (dry) at ~25.0% P2O5 (as of 01 July 2023).
- The Rasmussen Valley Mine (RVM) block model did not change based on the results from reconciliation between the 2019 model estimates and the production results up to the effective date of the Conda Technical Report (01 July 2023). The estimated remaining mineral resource after the effective date of July 2023 is 5.9 million t (dry) at ~25.9% P2O5. The estimated remaining mineral reserve after the effective date of 01 July 2023 is 4.3 million short t (dry) at ~26.0% P2O5.
David Delaney, the Company’s CEO commented, “The updated Conda Technical Report validates and updates the proven and probable reserve estimates that support the H1/NDR project with proven mine life through 2037. Following the Notice to Proceed in May 2023, we have been working diligently on capital activities associated with the H1/NDR project with H1/NDR ore recovery expecting to start in late 2024. The Conda Technical Report and associated capital activities are the culmination of our strategic objective of extending Conda’s mine life.”
Read the article online at: https://www.worldfertilizer.com/phosphates/01052024/itafos-inc-files-updated-technical-report-for-phosphate-fertilizer-project-in-idaho/
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