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Minemakers Limited West
Jan 11, 2010 09:26AM
Minemakers (ASX Code: MAK) is developing the 100% owned Wonarah rock phosphate project in the Northern Territory, with production planned for 2010. The current JORC Inferred Resource stands at 1,105Mt @ 18% P2O5, which underpins Wonarah's long life mine potential, and makes Wonarah Australia's largest JORC Compliant rock phosphate deposit. Wonarah is also the only Australian rock phosphate project granted government Major Project status and enjoys important Traditional Owner and stakeholder support.
Recently acquiring the Namibian Marine rock phosphate project (42.5%), which has a JORC Compliant Resource of 1,412Mt @ 18.8% P2O5, Minemakers is aiming to become a new world force in rock phosphate.
Minemakers has a further portfolio comprising several projects with significant identified resources and large databases, and others with highly prospective mineral targets.
The Company was awarded the Best Emerging Mining Company at the 2009 Diggers and Dealers Conference, Australia's leading annual mining conference
224 mil. S/O @ .54 share = $121 Au Mil. M/C Approx. $44 Au Mil. in cash Jan. 08 2010 Production slated for 2nd QTR. 2010 1 Mil. Tons production planned for 1st year! Shorter distance to the Chinese and Indian markets-lower shipping costs.