Company Update and Presentation
Perth, Jan 23, 2015 AEST (ABN Newswire) - 2015 is set to be a year of continuing and significant progress and delivery for Fertoz Limited (
ASX:FTZ). We will maintain our focus on creating a platform for sustained commercial phosphate production in North America and an expanding, profitable marketing business in Australia. A summary of our achievements to date and current strategy is described below. A detailed Company Update presentation is attached to this announcement.
Fertoz highlights:
- Sustained operational performance since IPO in September 2013, generating +75% shareholder returns
- In 2014, Fertoz developed the only operating phosphate mine in Canada with Wapiti and will continue bulk sample sales from Wapiti and Fernie in 2015
- Near term focus on commercialising our 100%-owned Wapiti and Fernie projects, which are high-grade, phosphate rock projects in North America that can be developed quickly with minimum capital
- Long term focus on expanding phosphate rock production in Canada and exploring Dry Ridge (USA) Project
- FertAg JV established to import and market a proven specialty phosphate fertiliser (FertAg 0-8-0) in Australia
- Booming organic farming markets and shortfall of domestic production expected to provide Fertoz's North American operations with a clear competitive advantage
- Experienced Board and management with strong conviction (c. 15% Board and management shareholding)
- Clean capital structure with minimal debt outstanding, significant undrawn headroom, limited options on issue and supportive shareholders
- A$1.25m debt facility established with Chairman James Chisholm in December 2014 to accelerate growth
Managing Director Les Szonyi said: "Fertoz is a progressive and innovative fertiliser business. We target high-grade, low capex phosphate rock operations in North America and opportunistic fertiliser marketing and distribution operations within Australia and South East Asia. The attached presentation outlines a compelling investment case for Fertoz and strategies to further grow shareholder value."
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FTZ-839441.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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