Phosphate maker Itafos Inc. on April 29 announce that it has filed an updated technical report for its Conda phosphate fertilizer project in Idaho. The Conda Technical Report demonstrates increased mineral reserves and the opportunity for continued operations at the Conda Project through 2037, the company said.
The report increases the mineral resource estimate for Husky1-South Maybe Canyon and North Dry Ridge from 38.1 million st at ~24.3-27.0% P2O5 to 40.5 million st at ~24.2-26.7% P2O5. The total estimated mineral reserves for Conda increased from 14.4 million st at ~26.6% P2O5 as of July 1, 2019, to 33.7 million st at ~25.0% P2O5 as of July 1, 2023.
Itafos said the Rasmussen Valley Mine block model did not change between the 2019 model estimates and the effective date of the Conda Technical Report. The estimated remaining mineral resource at the mine after the effective date of July 1, 2023, is 5.9 million st at ~25.9% P2O5, and the estimated remaining mineral reserve is 4.3 million st at ~26.0% P2O5.
“The updated Conda Technical Report validates and updates the proven and probable reserve estimates that support the H1/NDR project with proven mine life through 2037,” said Itafos CEO David Delaney. “Following the Notice to Proceed in May 2023, we have been working diligently on capital activities associated with the H1/NDR project with H1/NDR ore recovery expecting to start in late 2024. The Conda Technical Report and associated capital activities are the culmination of our strategic objective of extending Conda’s mine life.”