The Ammaroo Phosphate project bankable feasibility study (BFS), environmental approvals process and associated financing activities continue to progress in order to commercialise and de-risk the project to underpin the project’s value.
The company is targeting completion of the BFS, NT Government sign-off of the EIS and a native title agreement during Q1 2018 and working towards an investment decision by mid 2018.
Managing Director Chris Tziolis stated that “the Company is continuing to progress the Ammaroo Phosphate project in order to position the project to the global fertiliser industry and investment community as a bankable project with a social license to operate. Through
our continuing discussions with a number of parties it is very clear that achieving these development milestones will be critical in underpinning the project’s value and capacity to be financed.”