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DuSolo Fertilizers Inc.
Summary
| Project: | Bomfim | |
|---|---|---|
| Deposit: | Santiago | |
| Location: | Brazil | |
| Commodities: | Phosphate | |
| Date: | 3/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2017: DuSolo Fertilizers Inc. announces a PEA report for its Santiago deposit at the Bomfim project. Updated Mineral Resource + PEA results incl. post-tax NPV (10%) of US$13.0M, LOM of 12.5yrs. GE21 Consultoria Mineral Ltda. (GE21) was engaged by the | |
| Resources: | (Resource): 1.16Mt @ 8.23% P2O5 (Ind.) and 2.70Mt @ 8.58% P2O5 (Inf.) | |
| CP/QP: | [Resources]: P.C. Rodriguez, B. Viana, F.C. Xavier, M.C. Reinhardt (GE21 Consultoria Mineral) | |
| ABSTRACT: | GE21 Consultoria Mineral Ltda. (GE21) was engaged by the company DuSolo Fertilizers (DuSolo) to develop a technical study, in the form of a Preliminary Economic Assessment (PEA), with respect to the Santiago phosphate deposit (DANF Santiago Project), which was previously covered in a Technical Report as part of the Bomfim project and located in the municipalities of Campos Belos – Goiás (GO) and Arraias – Tocantins (TO), Brazil, in accordance with the directives of CIM National Instrument 43-101 (NI 43-101). The principal Qualified Person with respect to the objectives of this report is Mining Engineer Porfírio Cabaleiro Rodriguez. Geologist Fábio Valério Câmara Xavier was responsible for developing the project's geological interpretations and modelling, in addition to activities related to QAQC procedures and the mineral resource estimate. Geologist Mário Conrado Reinhardt participated in the site visit and discussions regarding the prospective model of the deposit with DuSolo staff. Geologist Bernardo de Cerqueira Viana supported the coordination of the activities and participated in the discussions with respect to the geological model and mineral resource estimate. Regarding mining studies, Mr. Rodriguez received support from engineers Rooniel Hirose and Poliana Auxiliadora Freitas. With the respect to this Preliminary Economic Assessment, September 01, 2016 was considered the Effective Date for the resource estimate, based on the date when the topographical survey was completed on the mineral exploration area. GE21 believes that no relevant data with respect to the mineral resource estimate were produced after this date. | |
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