Published: August 5, 2016 |

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Avenira Ltd is only weeks away from production at the Baobab Phosphate Project in Senegal, after commencing water commissioning of the wet screening plant.

The company’s strategy is to develop the project based on an initial Stage 1 operation producing 500,000 tonnes per annum of phosphate concentrate.

Interestingly, supply agreements have already been signed with two international fertiliser companies for exporting more than half of the anticipated annual production.

Avenira’s 80 percent owned Baobab project contains an indicated resource of 12.6 million tonnes at 21 percent P2O5 at 15 percent P2O5 cut-off grade.

The company’s mining activity has recently reached the phosphate mineralization zone.

The mineralization exposed is consistent with the geological model derived from sampling, air core and diamond drill logging, and it is expected that primary grade control will be visual.

The mined mineralization is now being stockpiled on the ‘run of mine’ stockpile adjacent to the processing facilities.

Over the coming weeks, mining and grade control methodology will be optimized to maximize mining efficiency, while minimizing dilution and any mineralization loss.

The Baobab Phosphate Project has been designed to enable multiple stages of expansion across the project.

The total capital expenditure to production for the fully funded project is US$15 million.

Avenira had a cash balance of $24.5 million as on June 30, 2016.

Source: (August 4, 2016) Proactive Investors

About Avenira Ltd
Avenira Ltd is listed on the Australian Securities Exchange.

To stop by Avenira’s website, CLICK HERE

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