Melbourne-Legend International Holdings Inc. says its maiden mineral reserve estimate for its 100 percent owned Paradise South phosphate project has proven and probable reserves of phosphate rock that will support 59.8 years of operation for the 600,000 mt DAP and MAP per annum production scenario, or 29.9 years at a doubled rate of production. “As-mined” proven and probable ore reserves of phosphorite are 196.1 million mt at 14.6 percent P2O5. Proven and probable mineral reserves of recoverable, commercially useable and internationally marketable phosphate rock concentrate are 55.5 million mt at 33 percent P2O5 (72 BPL). Legend says Paradise South is one of seven phos rock deposits controlled by the company, and is the first to have a current mineral reserve estimate reported.
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