Chatham Rock Phosphate Limited (TSXV: NZP, NZAX: CRP): The Premier Supplier of Direct Application Phosphate to the New Zealand and Global Agricultural Sector, Interview with Chris Castle, President, CEO and founder
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, US
Chatham Rock Phosphate Limited (TSXV: NZP, NZAX: CRP) aims to be the premier supplier of direct application phosphate to the New Zealand and global agricultural sector. Chatham Rock Phosphate is the custodian of New Zealand’s only material resource of ultra-low cadmium, environmentally friendly pastoral phosphate fertilizer. Chatham Rock Phosphate Ltd holds a mining permit over an area off the coast of New Zealand, with significant seabed deposits of rock phosphate and other potentially valuable minerals. We learned from Chris Castle, President, CEO and founder of Chatham Rock Phosphate, that their deposit is offshore about 450 KM to the west of New Zealand, 400 Meters under the water. The resource is 35,000,000 tons, of which 23,000,000 are 43-101 compliant, which makes for a 15-20 year mine life. Chatham Rock Phosphate anticipates significant return on investment. According to Mr. Castle, their New Zealand project has quite a number of environmental benefits, including lesser carbon emissions, better water quality, and low levels of cadmium.