Ann: Feasibility Study Report - Ammaroo Project May18, page-2

Excellent! ​

AMMAROO PHOSPHATE FEASIBILITY STUDY COMPLETED
EXECUTIVE SUMMARY

Feasibility Study (FS) finds that Verdant Minerals’ 100% owned Ammaroo Phosphate Project in the Northern Territory is technically feasible and will deliver positive economic benefits, if developed in accordance with the prescribed design criteria

• Business case established around an initial project (Stage 1) to produce 1 million tonnes per annum of phosphate rock concentrate followed by a replication of the Stage 1 processing and site infrastructure during year 5 to produce 2 million tonnes per annum of rock concentrate from year 6 for a 20 year mine life (Stage 2)
• Enabling infrastructure including a rail spur, gas pipeline and water supply infrastructure for the whole mine life and beyond would be constructed during Stage 1
• Business case has been built on the export of phosphate rock concentrate to regional markets, including India, Indonesia, south east Asia, north east Asia as well as Australia and New Zealand
• The project also presents a compelling opportunity for large scale global participants in the fertiliser industry to build downstream phosphoric acid and fertiliser production capacity in northern Australia, utilising Ammaroo Phosphate Rock