Projects
Paradise South
Paradise South is located adjacent to the Lady Loretta zinc mine owned by Glencore, approximately 130 km north west of Mount Isa. The mining lease for Paradise South has been granted by the Queensland Government.
Paradise South will be an open cut mining operation with mine scheduling completed to excavate up to two million tonnes of phosphate ore per annum. The Mineral Resource is estimated at 207 Mt at 14.4% P₂O₅, reported in accordance with the JORC Code (2012), supporting a long-life operation. Ore Reserves supporting 40 Mt of phosphate concentrate at 32.5% P₂O₅ have been estimated.
The Paradise South mine will include a processing plant onsite to produce the phosphate concentrate product ready for domestic and international markets.
| Resource Estimate | Tonnes (Mt) | P₂O₅ (%) |
|---|---|---|
| Measured | 114 | 15.7 |
| Indicated | 76 | 13.0 |
| Inferred | 16 | 12.4 |
| Total | 207 | 14.4 |
1. Data is rounded to millions of tonnes. Discrepancies in totals may occur due to rounding.
2. Resources have been reported at a cut-off grade >4.0% P₂O₅ within pit shell constraint as derived from pit optimisation conducted by AMDAD and based on a concentrate price of $225/t which is 20% above the Ore Reserve Base case.
3. Reported in accordance with the JORC Code (2012). Refer to the Competent Person Statement below.
| JORC Concentrate | Tonnes (Mt) | P₂O₅ (%) |
|---|---|---|
| Proved | 28 | 32.7 |
| Probable | 11 | 32.1 |
| Total | 40 | 32.5 |
1. The tonnes and grades shown in the table rows are stated to a number of significant figures reflecting the confidence of the estimate. The table may nevertheless show apparent inconsistencies between the sum of components and the corresponding rounded totals.
2. MgR means MgO/Reserve Ratio = (MgO%) ÷ (Fe2O3% + Al2O3% + Al2O3%) / (P2O5%).
3. Fe 4.1% – Fe2O3% + Al2O3%.
4. Reported in accordance with the JORC Code (2012). Refer to the Competent Person Statement below.
Competent Person Statement
Exploration Results and Mineral Resources. The information on this page relating to the Paradise South Exploration Results and Mineral Resources is based upon, and fairly represents, information and supporting documentation compiled by Dr Michelle Mercieca (née Hough), who is a consultant to North West Phosphate Limited and a Member of the Australian Institute of Geoscientists (MAIG). Dr Mercieca has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activities being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Dr Mercieca consents to the inclusion of the matters based on her information in the form and context in which they appear.
Ore Reserves. The information on this page relating to the Paradise South Ore Reserves is based upon, and fairly represents, information and supporting documentation compiled by Mr John Wyche of Australian Mine Design and Development Pty Ltd, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a consultant to North West Phosphate Limited. Mr Wyche has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activities being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Wyche consents to the inclusion of the matters based on his information in the form and context in which they appear.
Historical estimates. Resource estimates reported for the D-Tree and Paradise North projects were prepared and reported under the 2004 Edition of the JORC Code and have not been updated to comply with the 2012 Edition on the basis that the information has not materially changed since it was last reported. Estimates reported under the 2004 Edition are not reported as Mineral Resources in accordance with the 2012 Edition, and a Competent Person has not done sufficient work to classify them as such. It is uncertain that following further evaluation or exploration work these estimates will be reported as Mineral Resources in accordance with the 2012 Edition.
Mineral Resources are reported inclusive of Ore Reserves. Tonnages and grades are rounded, and totals may not sum precisely as a result. Rounding is not considered material.