Wapiti Project (100% owned)

The Wapiti project totals an area of 11,870 ha and is located near Tumbler Ridge, in British Columbia, Canada. The project is easily accessible by sealed roads and Forest Service roads and has rail within 80 km. Geological survey work indicates a consistent and continuous at-surface phosphate-bearing horizon which has a potential strike length of up to 39km. Results of phosphate testing indicates up to 10% availability which makes the product at Wapiti particularly attractive to the North American organic sector, the largest organic market in the world.

Exploration at Wapiti has included 81 diamond drill holes and multiple trenches and surface samples between 1978 and 2013. This information has been used by J.T. Shearer, M. Sc., P. Geo., and G. Shevchenko, B. Sc. (Eng.) of Coastal Resource Mapping to estimate a mineral resource and exploration target in accordance with JORC 2012 to estimate initially an Inferred JORC Resource (August 2014) and now, with subsequent work in 2014, an Inferred and Indicated JORC Resource. Resources are calculated using the Polygonal-Weighted Average method.

The combined Inferred and Indicated resource of 1.54Mt @ 21.6% P2O5 (at a 7% cut-off) has been calculated to a depth of 30m along a strike length of 12.5km. The resource classification is shown below in Table 1.

Depth below
surface (m)
Category Tonnes
30 Inferred 0.7.3 21.3 1.9 43.6 1.3 13.7 1.2
30 Indicated 0.81 22.3 1.96 43.1 1.3 14.0 1.3
30 Total 1.54 21.6 1.9 43.4 1.3 13.8 1.3

This resource is contained within a global Exploration Target (Table 2) of between 2.9 Mt and 3.3 Mt at 20.8% to 22.2% P2O5 which is estimated to a depth of 30m along a mapped strike length of 27km. The Mineral Resource over a 12.5km strike length is a subset of the global Exploration Target. The remaining strike length (14.5km) not supporting the Mineral Resource estimation is calculated to support an Exploration Target of 1.4-1.8Mt at 20.8-22.2% P2O5. The phosphate bearing layer is uniform in thickness with a density of 2.845t/m³.

Depth below
surface (m)
Category Tonnes Width
30 Exploration Target 2,925,290 – 3,293,710 0.85 to 0.97 20.8 to 22.2

The Exploration Target does not include areas covered by exploration permits acquired in April 2014 (subsequent to the date of this estimation) that increased the potential phosphorite horizon by 44% from 27km to 39km. These exploration permits have been excluded from the Exploration Target due to insufficient supporting data at this time. As such, there is a large potential upside in relation to size and longevity of the proposed 20-year project life at Wapiti.

The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration (namely drilling) outside the area used to support the Mineral Resource to define a Mineral Resource, and it is uncertain if further exploration will result in the definition of additional Mineral Resource.

The Company has obtained approval for 17,500 tonnes of bulk sample from Wapiti and commenced mining and sales. It has completed a scoping study and has submitted a small mine application for 75,000 tpa of rock phosphate. Fertoz International has obtained an access permit from Canada’s Ministry of Mines and upgraded roads to facilitate sample extraction.

Progress achieved on Wapiti’s 75,000 tpa small mine permit includes

  1. license to cut timber received from Ministry of Forests;
  2. permit to operate above 1,400 metres;
  3. protocol Agreement signed with West Moberly First Nation;
  4. mine design engineering commenced and
  5. a surface discharge permit issued.

The Company plans to mine Wapiti on a seasonal basis between May and October to maximise productivity and ease of access during the warmer periods. Trial mining at Wapiti proved the ease of mining and allowed the Company to more accurately predict future mining operations. The mining process is relatively simple, with at-surface material initially blasted to loosen both material and overburden, followed by simple mining via an excavator to extract material.

After mining on site, pre-crushed material is transported as broken rock to a manufacturing facility at the Beaverlodge. The phosphate rock will then be crushed to reduce its size from 40mm (crushed rock) to approximately 0.15mm (ground material).

Beaverlodge is proximate to the Prairie Provinces, a significant farming area in Alberta, Saskatchewan and Manitoba, Canada. At the processing location, rail and road infrastructure is excellent and will allow a lot of flexibility in cost-effectively delivering product to customers throughout the USA and Canada.

The Company plans to mine Wapiti on a seasonal basis between May and October to maximise productivity and ease of access during the warmer periods.

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