Toronto, Ontario-PhosCan Chemical Corp. should proceed immediately with the bankable feasibility study of its wholly owned Martison Phosphate Project, which could produce an estimated 2.5 million dry mt per year over a 20-year mine life, according to a preliminary or pre-feasibility study by an independent consulting firm. The study by Jacobs Engineering Inc. examined two scenarios in which phosphoric acid would be produced using phosphate concentrate produced from the Martison Phosphate Deposit and sulfuric acid sourced either from existing nearby base-metal smelters or a sulfuric acid plant that would be built by PhosCan. PhosCan would further process the phosphoric acid into superphosphoric acid (SPA) and/or mono-ammonium phosphate (MAP) fertilizer, which would be sold to fertilizer dealers serving the agricultural regions of western Canada and the Midwestern U.S. The project would either produce 213,000 mt per year of SPA (150,000 mt per year P2O5) and 474,000 mt per year of MAP for sale to customers, or 775,000 mt per year of MAP only. In both scenarios, phosphate concentrate produced from the Martison deposit would be transported by slurry pipeline to a phosphate plant near Hearst, Ontario. The pre-feasibility study included a comprehensive review of information and studies generated over 25 years, including 16,284 meters of drilling over seven drilling programs, extensive metallurgical testing, and environmental and geotechnical studies; an assessment of mineral resources; tests producing phosphate concentrate, phosphoric acid and the two fertilizer products contemplated for the market place; marketing and logistics studies; and engineering studies of vertically-integrated high-analysis fertilizer production facilities, including the preparation of capital and operating costs and the preparation of a technical report.
Transparency Across the Fertilizer Value-Chain