Farim Phosphate Project - Guinea-Bissau

The project is located in the northern part of central Guinea-Bissau, West Africa, approximately 25 km south of the Senegal border, approximately 5 km west of the town of Farim and some 120 km north of Bissau, the capital of Guinea-Bissau. The project consists of a high grade sedimentary phosphate deposit of one continuous phosphate bed, which extends over a known surface area of approximately 40 km². The project is a world class, high quality, development phosphate project containing measured and indicated resources of 105.6 million dry tonnes at a grade of 28.4% P2O5 and additional inferred resources of 37.6 million dry tonnes at 27.7% P2O5. Beneficiated product will be trucked approximately 75 km from the mine-site to a port that the project will construct where the ore will be directly loaded onto ships of up to 35,000 dead weight tonnes. Estimated project value US$200 million. The exact co-ordinates are currently not available however the approximate area of location is lat: 12.4877272; long: -15.2136302.