Minbos Resources Ltd (Minbos) has announced that it has received the second tranche of funding, totalling US$2.43 million, from the Fundo Soberano de Angola (FSDEA).
The final tranche of funding, totalling US$1.17 million will be completed upon the company finalising the renewal of project insurances and presenting supplier quotations for project long lead items to FSDEA.
2025 Field Trials
The company’s early trials in Angola in 2025 continue to perform strongly. The key take aways from these trials are:
- Field trials have shown that the use of PRIMEIRO leads to improved crop yields, particularly in areas with low soil phosphorus and low pH (acidic) soils.
- On average, when applied as the only source of phosphate, PRIMEIRO has demonstrated yield increases by up to 80%.
- This increase in yield is attributed to the essential phosphorus provided by the fertilizer, which enhances root development, flowering, and fruiting, resulting in healthier and more productive plants.
- Local trials have shown that without phosphorus, other nutrients are not effective.