Receives Approval for Bulk Phosphate Sample at Wapiti East
Brisbane, Feb 25, 2014 AEST (ABN Newswire) - Fertoz Limited (
ASX:FTZ) ("Fertoz" or the "Company") is pleased to announce that the British Columbia Ministry of Energy and Mines has approved a permit to allow the Company to extract a surface bulk sample from Wapiti East of up to 7,500 tonnes of phosphate rock during the Canadian winter.
- Permit approved for up to 7,500 tonnes of bulk sample at Wapiti East
- Wapiti East extended to include camp site and bulk storage depot at access road
The Company will access the Wapiti East site across Red Deer Creek via an ice bridge.
Fertoz has extended its holding at Wapiti East by 506.6 hectares so that parts of the access road, the camp, and phosphate storage area are all on Company tenements. Fertoz has been granted tenements 1023921, 1023922 and 1023923.
The bulk sample is scheduled for collection in March but exact timing will be dependent on the weather. A permit for a further bulk sample in the warmer months is also underway.
Managing Director Les Szonyi said: "The Wapiti East project is proceeding to schedule. The next steps after the collection of the bulk sample are to commence farm trials and to continue with laboratory testing in relation to organic certification of the Wapiti rock phosphate."
To view location map, please visit:
http://media.abnnewswire.net/media/en/docs/76677-ASX-FTZ-784398.pdf
About Fertoz Ltd
Fertoz (ASX:FTZ) is an Australian-based phosphate exploration and development company with a range of projects in British Columbia, Canada as well as Queensland and the Northern Territory. The Company is focused on becoming a fertiliser producer as quickly as possible, initially focusing on the Canadian/USA markets.
Fertoz plans to develop its exploration assets in Canada in order to identify any potential Direct Shipping Ore (DSO) projects. It intends to seek joint venture partners to assist in funding the exploration projects in Australia.
Phosphate is a commodity necessary for feeding the world, and Fertoz is ready to capitalise on this growing demand.
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