HOUSTON (ICIS)--Fertilizer developer Fertoz announced on Thursday that results from sampling conducted in October 2013 at its Wapiti East Phosphate Project in British Columbia, Canada have demonstrated a 10% grade, making it suitable for production as a direct application fertilizer.
Australia-based Fertoz is a phosphate exploration and development company with a range of projects in Canada as well as in its home country.
The Wapiti East project covers 15,838 hectares (39,106 acres). It is the company’s North American flagship project and one of five company phosphate operations in British Columbia.
Fertoz expects that the project will move quickly into production and also anticipates a very low capital cost, as the phosphate rocks are exposed at surface level and can be extracted by using small-scale grinding techniques.
Company officials said the quality of the Wapiti East resources enhances the attractiveness of the potential production of phosphate, especially to the surging organic fertilizer market. At 10% available phosphate, the site can provide better rates than is available in known phosphate producing areas such as the US and Peru, where deposits typically only reveal 6-7% rates.