Fertoz Limited Half Yearly Report and Accounts end 31 Dec 2014
20.02.2015 | ABN Newswire
Perth, Australia (ABN Newswire) - During the financial half-year the principal activities of Fertoz Ltd. (ASX:FTZ)was the development of cash flow generating fertilizer businesses in North America and Australia principally focused on producing and supplying phosphate related products to the agricultural sector.Fertoz has secured small, high-grade phosphate resources in North America that can be commercialised quickly and inexpensively, with high-grade product sold to organic farms and also in combination with calcium carbonate to conventional farms with acidic soils.
North America (USA and Canada) are both net importers of phosphate rock and are two of the largest agricultural economies in the world. The Company aims to supply direct application phosphate rock with minimal processing to the lucrative organic and conventional fertilizer markets in North America. The USA is the largest organic food market in the world while Canada is the fourth largest.
Fertoz is also currently expanding its business into the Australian fertilizer market through its 50% ownership of the FertAg joint venture with Vast Resources. FertAg sells a fused calcium magnesium phosphate to farmers looking for slow release phosphate combined with numerous beneficial trace minerals.
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About Fertoz Limited:
Fertoz (ASX:FTZ) is an Australian-based phosphate exploration and development company with a range of projects in British Columbia, Canada as well as Queensland and the Northern Territory. The Company is focused on becoming a fertiliser producer as quickly as possible, initially focusing on the Canadian/USA markets.
Fertoz plans to develop its exploration assets in Canada in order to identify any potential Direct Shipping Ore (DSO) projects. It intends to seek joint venture partners to assist in funding the exploration projects in Australia.
Phosphate is a commodity necessary for feeding the world, and Fertoz is ready to capitalise on this growing demand.<
Contact:
Fertoz Ltd.
T: +61-7-3396-0024
F: +61-7-3396-0024
www.fertoz.com