Quarterly Activities Report March 15
Perth, April 30, 2015 AEST (ABN Newswire) - Fertoz Limited (
ASX:FTZ) announce the Quarterly Activities Report to March 15 with significant highlights for Canada and Australia.
Australia
Commenced
- sales of FertAg products generating revenue of A$38,000 in the last three weeks of the quarter
- Imported 800 tonnes of FertAg 0-8-0 for sale in March and June quarters
- Secured National Supplier Agreement for distribution of FertAg's specialty phosphate products with major Australian agribusiness Ruralco
- Introduced granular product, FertAg Granular 0-7-0, in response to customer feedback
- Introduced Shareholder Rewards Program providing discounts on FertAg products for Fertoz shareholders
Canada
- Conducted additional exploration analysis on Wapiti project in preparation for a scoping study
- Carried out processing trials on Wapiti rock phosphate to finalise grinding equipment selection
- Leased premises in Stettler, B.C. for storage of Fertoz rock phosphate corporate
- FertAg JV established A$1 million working capital facility with Moneytech Finance
- Fertoz Chairman James Chisholm exercised 615,385 options at A$0.25 per option.
Planned Activities - june Quarter 2015
- Continue to grow FertAg sales in Australia and increase sales force in regional Victoria (interviews currently being conducted)
- Appoint agent in New Zealand to distribute FertAg products
- Investigate the import of bagged FertAg retail products for home garden market in Australia and New Zealand
- Develop Indicated Resource at Wapiti and finalise scoping study
- Finalise selection of processing equipment for small mine production at Wapiti
- Process Wapiti and Fernie bulk phosphate rock samples
- Conduct blending trials for product sales in Canada to both organic and conventional agriculture customers
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FTZ-855207.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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