“This is a significant step towards executing on our key objective at Itafos Conda of extending phosphate ore supply from a combination of additional resources in existing mines and defining the path forward for long-term ore continuity by focusing efforts and resources on H1/NDR. In addition, these results provide further flexibility in terms of timing of required growth CAPEX,” said Tim Vedder, General Manager of Itafos Conda.
The Itafos Conda Technical Report concluded that, with respect to Itafos Conda’s existing mines, the Rasmussen Valley Mine (RVM) deposit contains Mineral Resource estimates of 15.2 million short t. This Mineral Resource estimate for RVM is a 37% increase over Itafos Conda’s historical internal estimates. Further, the Itafos Conda Technical Report concluded that, with respect to Itafos Conda’s mine development options, the H1/NDR deposits contain Mineral Resource estimates of 38.1 million short t at approximately 24.3% P2O5. This Mineral Resource estimate for H1/NDR is a 60% increase over Itafos Conda’s historical internal estimates.
The Itafos Conda Technical Report includes Mineral Resource estimates for RVM, Lanes Creek Mine (LCM) and H1/NDR deposits, all of which are wholly owned by Itafos Conda.
The effective date for the Mineral Resource estimates is 1 July 2019. There have been no material changes in the available information for the deposits since the effective date of the Mineral Resource estimates.
Read the article online at: https://www.worldfertilizer.com/phosphates/04112019/itafos-announces-results-of-technical-report-encompassing-itafos-conda-and-itafos-paris-hills-phosphate-deposits/