Korab receives offers for phosphate rock

摘要

AUSTRALIA’S KORAB Resources Ltd reports that it has received offers to enter into off-take agreements for over 30,000 mt/year of phosphate rock from companies based in Australia and overseas. Korab is currently negotiating the terms of these agreements. The company recently received its mining lease for its GeolSec phosphate deposit in the Northern Territory of Australia (FW Online, May 14, 2010). The operations at GeolSec are expected to commence later this year following the receipt of the required permits and approvals, and will be initially conducted on a campaign basis for 2-3 months a year.