Quarterly Activities Report - September 2014
Perth, Oct 22, 2014 AEST (ABN Newswire) - Fertoz Limited (
ASX:FTZ) announce the Quarterly Activities Report to period ending September 2014 with the following highlights.
WAPITI East - Canada
- First sale of 25 tonnes of processed rock phosphate as fertilizer in Alberta, Canada
- Eggers Soil Solutions Ltd appointed as processor of Wapiti phosphate rock
- Natures Way Farm Ltd appointed as Marketing Agent to sell phosphate rock
- Approximately 500 tonnes of Bulk sample collected at Wapiti by September 30
- Maiden Inferred Resource estimate for Wapiti of 1.54 Mt @ 21.6% P2O5 (at a 7% cut-off), calculated to a depth of 30m along a strike length of 12.5km
- Environmental baseline studies completed in preparation for small mine application (up to 75,000 tonnes) in 2014
- Wapiti tenements extended to allow for new road access route.
Fernie Pro ject - Canada
- Drilling, trenching and bulk sample collection commenced 16 October 2014
- Bulk sample of 10,000 tonnes approved
- Marten tenements extended by 43% and connected to Crows Nest tenements.
Dry Ridge Pro ject - USA
- 30-day public comment period on exploration programme closed 10 October
- Public comments to be addressed in Environmental Assessment report
- Field work completed for exploration permit
- On track for exploration in second half 2015.
Corporate
- Mr Stephen Keith appointed as a director and Mr Alex Penha as an alternate
director.
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FTZ-824293.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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