Signs National Supplier Agreement for Phosphate Sales
Perth, Feb 9, 2015 AEST (ABN Newswire) - Phosphate developer Fertoz Limited ("Fertoz" or the "Company") (
ASX:FTZ) is pleased to announce that the Fertoz Agriculture Trust ("Fert-Ag") has signed a National Supplier Agreement with a major Agribusiness to sell and distribute specialty phosphate products across Australia.
FertAg is a joint venture ("JV") between Fertoz Limited (51%) and Vast Resources Pty Ltd ("Vast Resources", 49%). For full JV details see ASX release dated 6/11/2014.
Managing Director Dr Les Szonyi said: "FertAg is pleased to be appointed as a national supplier because it gives us access to a very successful Agribusiness company with more than 400 fertilizer retail outlets Australia wide. We have assembled a strong technical team to provide local store managers training, ongoing support and incentives to grow product sales quickly by providing a superior product to superphosphate at competitive prices."
"FertAg 0-8-0 is an environmentally safe phosphate fertilizer which does not leach into waterways, like conventional P fertilizers, yet 95% of the P is readily available to plants. FertAg 0-8-0 has four major components (P, Ca, Mg, Si) that are all agronomically relevant and contains numerous essential trace minerals, making it a superior alternative to superphosphate. Fert-Ag 0-8-0 is also suitable for use in organic agriculture. "
FertAg has exclusive rights to distribute FertAg 0-8-0, a fused calcium magnesium silicate phosphate that can be used by organic and non-organic farmers. The first shipment of 200 tonnes arrived on 2 February 2015 for sale in Queensland and northern NSW. A further 600 tonnes has been ordered and is expected early March for sales in Victoria, NSW and Queensland.
FertAg 0-8-0 is an established low soluble specialty phosphate product in Australia. It is an effective alternative for superphosphate of which approximately 710,000 tonnes are sold in Australia each year (Australian Bureau of Statistics 2012 data). Agricultural areas in Australia where FertAg 0-8-0 would be effective are shown in Figure 1 in link below.
FertAg representatives are undertaking meetings at regional centres across Australia from February onwards to market FertAg 0-8-0. The growing season in Australia is the reverse of Canada, allowing Fertoz the opportunity to generate fertilizer product sales in both countries for approximately ten months of the year . Both Fertoz and FertAg are preparing a list of agricultural field days for farmer presentations in Australia and Canada. FertAg is also developing a discount scheme for Australian-based shareholders, providing shareholders of Fertoz Ltd with a discount on FertAg 0-8-0.
To view figures and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FTZ-841522.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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