POZ 0.00% 6.0¢ poz minerals limited

phosphate australia confirms grades at highla

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    Phosphate Australia (ASX:POZ) has more commercial grades of rock
    phosphate from metallurgical studies being carried out on the Highland
    Plains project in the Northern Territory.
    Results are encouraging to this point and the material is
    demonstrating the amenity of Highland Plains' mineralisation to be
    upgraded to an internationally marketable product.
    The demonstrated ability of the project to produce a high
    specification rock phosphate product of 35-36pc phosphate highlights the
    potential quality of the Highland Plains resource.
    Commercial grades of rock phosphate trade on the international
    market at concentrations generally between 29pc and 32pc.
    These results underpin the strategy to market Highland Plains
    beneficiated rock phosphate to fertiliser manufacturers worldwide in
    early 2010.
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