Canada Great Quest finds higher grades at Mali phosphate project

26 March 2014 18:33 Source:ICIS News

HOUSTON (ICIS)--Canadian fertilizer exploration company Great Quest Metals announced on Wednesday that analysis of the materials extracted during field testing at its Tilemsi Phosphate Project in Mali in west Africa has returned grades notably higher than it previously estimated.

Vancouver-based Great Quest is focused on the development of African agricultural mineral projects for local production of fertilizers. The company’s flagship asset is the Tilemsi Phosphate Project located in northeastern Mali. It encompasses 1,206 km (750 miles) containing high-quality phosphate resources.

The company said that a total of 6.5 tonnes of material were collected during sampling work in October 2013 and that grades ranged from 26.3-33.9% phosphorus pentoxide, which demonstrates that its previous estimates of resource grades were underestimated at the former rate of 24.3%.

Great Quest CEO Jed Richardson said that the company was encouraged by the improved sampling results and that despite recent unrest in the region the company is still focused on advancing the project.

“Beyond the positive grade surprise, the bulk sampling programme itself was an important milestone as the first field programme conducted since trouble in Mali’s north forced a cessation of field work in December 2011," Richardson said. "Security in the region continues to improve, giving the company the confidence to continue on site work and move forward with pilot scale production."

By Mark Milam