News: Fertoz ramps up marketing for its Wapiti rock phosphate, Canada

Fertoz (ASX:FTZ) has signed a marketing and distribution agreement with Natures Way Farm to sell rock phosphate from the its Wapiti Project in British Columbia, Canada.

Natures Way is an organic fertilizer company headed by agronomist Peter Lundgard. It sells compost, calcium carbonate and rock phosphate, and mainly services the Peace River and Grand Prairie agricultural regions of north-western Alberta.

The agreement follows Fertoz’s first sale of phosphate rock – 28 tonnes of 20% P2O5 ground phosphate rock sold for C$200 per tonne – and the appointment of a processor for Wapiti rock in the Grand Prairie region announced last week.

Fertoz expects to appoint a number of marketing agents in both western and eastern Canada. The role of the marketing and distribution agent is to generate demand for Wapiti rock phosphate and to develop high value products.

The market opportunity for Fertoz’s rock phosphate products has been caused by the ineffectiveness of conventional phosphate fertilizers when used on the acidic soils of Western Canada.

Alberta has 1 million acres of farming land with strongly acidic soils and 4.5 million acres of farming land with moderately acid soils.

Fertoz's Wapiti project is ideally located close to major farming regions with numerous third-party distribution points.

Natures Way Farms is the first agent to be appointed to on-sell Wapiti rock phosphate as well as investigate mixing Wapiti rock phosphate with other products that provide additional soil nutritional balance.

The Wapiti Project totals an area of 18,070 hectares and is easily accessible by sealed roads, with has rail access within 80 kilometres.

It has a JORC Inferred Resource of 1.54 million tonnes at 21.6% P2O5.

Previous work indicates a consistent and continuous at-surface phosphate-bearing horizon which has a potential strike length of up to 39 kilometres.