MET 0.00% 39.0¢ mt isa metals limited

Thought I might try a little ramping:From the company's (MET)...

  1. 3,536 Posts.
    Thought I might try a little ramping:
    From the company's (MET) prospectus:

    "The D-Tree West Project comprises a single
    tenement application (ePMA 15763) located
    120km north-north-west of Mount Isa. The
    tenement overlies the western portion of the
    D-Tree phosphate deposit discovered by IMC
    Development Corporation (IMC) in the mid 1960s.
    Phosphate mineralisation is hosted within Cambrian
    age sediments of the Beetle Creek Formation which
    outcrop along the western edge of the Georgina
    Basin, a major sedimentary basin that hosts Australia’s
    most economically significant phosphate deposits.
    The D-Tree deposit was subject to extensive
    technical studies in the 1960s and 1970s including
    the completion of 148 drill holes by IMC over the
    entire deposit (approximately 50% of which is
    outside the Company’s tenement).
    An Inferred Resource of 170Mt @ 16% P
    2O5 has
    been defined within the Company’s tenement
    based on a reassessment of the historical IMC data
    (refer Independent Geologist’s Report – Section 4).
    The phosphate mineralised horizon extends
    for a strike length in excess of 15km within the
    project area (Figure 10).
    The phosphate horizon is yet to be fully closed off
    and potential exists to extend the resource base to
    the west through additional drilling.
    Rock phosphate prices have increased substantially
    over the past two years and significant phosphate
    deposits discovered in the past, such as D-Tree, are
    now receiving detailed re-assessment (Figure 9).
    EPMA 15763 overlaps the Gregory Wild River
    area under the Gregory Wild River Declaration
    2007 (GWRD) and as a result, the conducting of
    mining and exploration activities on that tenement
    (if granted) will be limited by restrictions placed
    under the GWRD. For further details, refer to the
    Independent Report on Tenements – Section 5 and
    Risk Factors – Section 7.
    The Company’s initial focus at D-Tree West will
    be to assess the total phosphate resource
    potential within the project area (including step-
    out exploratory drilling upon tenement grant)
    and review commercial opportunities. "
 
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