Media Coverage: Metals News - CRP Aims to be the Premier Supplier of Phosphate for Agricultural

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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.

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By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA

Media Coverage: Investing News - Explorers Move Forward as Global Phosphate Appetite Rises

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The global phosphate market has been impacted by dwindling supply as a result of China cracking down on pollution and questionable mining practises, making it an ideal time for phosphate miners and developers outside the Asian nation to assert their role in the space.

Two such companies are Avenira (ASX:AEV) and New Zealand explorer Chatham Rock Phosphate (TSXV:NZP), both of which are steadily advancing their respective phosphate projects.

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