MetalsNews.com on 27 March 2019
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. At PDAC2019, we learned from Chris Castle, President and CEO of Chatham Rock Phosphate, that their main project, called Chatham Rise project, is located off-shore of New Zealand. It has a resource of 23.4 million tons of medium -grade rock phosphate, a mining permit, and a business partner for mining. The Company is currently working on raising funds to reapply for an environmental permit, which it expects will be granted in 2021. Mr. Castle expects Chatham to be in production in 2023.
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA