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Updated Hinda Resource Announcement: Now world’s largest phosphate deposit (04/12/2012)

This Hinda Mineral Resource update is the second to be reported, and now totals 531 Mt at 11.1% P2O5 at a 7% P2O5 cut-off, of which 89% is now in the Measured and Indicated category. This is understood to be the largest undeveloped Measured and Indicated phosphate deposit in the World.

The Mineral Resource Estimate (“MRE”) was provided by the independent competent person CSA Global (UK) Ltd in accordance with JORC requirements, and follows drilling in 2012 of a further 264 infill holes for 19,448m, for an average hole depth of 73.7m.

Click link below for full announcement.