Chatham Rock Phosphate Ltd. has been granted exploration area EPM2882, consisting of two subblocks at Phosphate Hill, northwestern Queensland.
One subblock is directly north of Korella North’s EPM 29589 and ML100379, and provides an additional area in a previously unallocated area between EPM28589 and the Incitec Pivot mining lease ML5543. This small area provides additional access to the Phosphate Hill-to-Townsville rail line and, more importantly, to an extension of the rock phosphate outcrop from ML100379.
This extension will provide additional as-yet-unquantified phosphate resources.
The unconnected second block is to the west and is targeting potential subcropping phosphate adjacent to the Incitec Pivot mining lease ML5543.
Shareholders will be kept informed as studies commence on the potential phosphate resources within EPM28882.
