Melbourne, Australia-Legend International Holdings Inc., a Delaware Corp. with phosphate holdings in the State of Queensland, Australia, has released the results of the phosphate rock preliminary scoping study on its phosphate projects in Queensland. The study reported that annual gross earnings could come in at $701.7 million-$1.7 billion, should the price of phosphate rock range between $300-$400/mt. Annual revenues would span from $1-$2 billion, respectively. Legend has historically defined phosphate deposits of 1,463 million mt at 16 percent P2O5 on its Queensland holdings. The scoping study is based on a 10 million mt/y phosphate rock mine site; a beneficiation plant generating 5 million mt/y phosphate rock concentrate; a 300 kilometer slurry pipeline from Lady Annie to the Port of Karumba; the development of a drying facility, plus loading and berthing areas at the Port of Karumba; and barge transfers from shallow draught barges out to larger vessels moored off the coast in the Karumba Roadstead waters ready to ship product to Asia. A copy of the study can be found atwww.lgdi.net. Legend will be commencing the revalidation of historical deposit estimates by drilling a number of twin holes across representative samples throughout the deposit zone, revalidating the metallurgical testwork by sending bench and pilot plant scale samples to an independent external engineering company to develop a flow sheet and final plant design, and conducting a full technical feasibility study and environmental impact statement. Legend’s exploration licenses include approximately 5.2 million acres in Queensland and the Northern Territory, Australia.
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