Wapiti phosphate to be trialled on Canadian Organic Farms
Perth, April 3, 2014 AEST (ABN Newswire) - Fertoz Limited (
ASX:FTZ) is pleased to announce that, following successful laboratory testing, it has signed an agreement ("Agreement") with two organic broad acre farms in Western Canada to trial the agronomic effectiveness of phosphate from its Wapiti Project in British Columbia, Canada.
The farms are organically certified and the operators, who are professional agronomists, have agreed to assist Fertoz in increasing sales of Wapiti phosphate in the growing organic sector in North America.
Under the terms of the Agreement, Fertoz will supply up to 1,000 tonnes of phosphate rock from Wapiti at the mine gate. The farmers will be responsible for freight, rock phosphate processing and the costs of the farm trials. All information, testing procedures, processing techniques and application methods will be provided to Fertoz as part of the Agreement.
Fertoz will begin to supply product to the farms from the 7,500 tonne bulk sample which was approved for extraction by the mines department in February 2014. The timing of the bulk sample extraction is dependent on prevailing weather conditions.
Managing Director Les Szonyi said, "This is a great leap forward for us. The laboratory results showed Wapiti has high available phosphate when compared to similar organic fertilizers, and now we have farmers seeking out our product to test it on their farms."
"Test marketing by organic farmers is an important step in obtaining a good understanding of the benefits that Wapiti phosphate can provide to the agricultural sector in North America. It will assist us to implement our marketing plan which is being designed to secure first sales of Wapiti phosphate in 2014."
"The organic farmers are focused on achieving an optimum soil mineral balance and believe the high phosphate availability (10% availability with 23% phosphate-bearing rock) along with the mix of important secondary and tertiary minerals present in the Wapiti phosphate rock will lead to significant yield improvements."
About Wapiti
Wapiti East, near Tumbler Ridge, is one of five Fertoz phosphate projects in British Columbia. Drilling on Wapiti East in September 2013 showed a consistent and continuous surface phosphate-bearing horizon along East and West Limbs for a total of 17 kilometres of strike length.
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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