Fertoz Limited - Corporate Update Presentation for July 2016
02.08.2016 | ABN Newswire
Brisbane - Fertoz Ltd. (ASX:FTZ) are pleased to provide the Company's latest Corporate Update Presentation for July 2016, 'Focused on North America's Booming Organic Agriculture Market'.Strategy Summary
Fertoz is focused on delivering cash flow and growth by supplying phosphate to organic and conventional farmers in North America
1. Focus on our near-term cash flow assets:
- Build out sales, production and cash flow from British Columbia
-- Permitted to produce 27,500 tonnes
-- Expect Small Mine approval for 75,000 tonnes per year
-- 2016: targeting sales of 10,000 tonnes
--- 2,000 tonne sale secured in Feb 2016
--- Established distribution networks and ready access to North American organic markets secured via partnership with experience agricultural experts
-- 2018 and beyond: targeting sales > 75,000 per annum
2. Organic growth within our portfolio:
- 4x drill ready targets on existing BC portfolio (2x Fernie, 2x Wapiti Extensions)
3. Improve returns: on existing FertAg business, Australia; and,
4. External growth opportunities:
- Add low capital-intensity fertilizer assets and joint venture larger exploration opportunities
Platform for Growth
Fertoz Positioned to Take Advantage of Growing Organic Farming and Food Industry in North America
Direct Application Rock Phosphate Mining
- 2016 Sales: 10,000 tonne sales target
-- First 2,000t sales order in February 2016
-- Marketing remainder to sell in October 2016
- Permits to produce >25 kt
- Wapiti: Positive Scoping Study press released in May 2015
- Small, low hurdles to production, starting 2016
- Additional farm trials, Sales and Permitting underway
Exploration
- Wapiti extensions and Fernie (4x targets) resource delineation
Corporate Development
- Ongoing review of low capital intensity assets, located close to markets and infrastructure, with ability to produce high grade DAPR suitable to organic food crops
To view the presentation, please visit:
http://abnnewswire.net/lnk/V4553M6A
About Fertoz Ltd:
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:
Stephen Keith, Managing Director
Fertoz Ltd.
M: +1-647-299-0046
James Chisholm, Non-Executive Chairman
Fertoz Ltd.
M: +61-419-256-690