Media Coverage: Daily Company News - Chatham Rock Phosphate Signs Term Sheet To Acquire Korella Phosphate Mine In Australia

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Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX: “CRP” or the “Company”) wishes to advise with great pleasure we have signed a Term Sheet to acquire the Korella phosphate mine in Australia. Final negotiation of the arm’s length Sale and Purchase Agreement with vendor Australia Venus Resources Pty Ltd. and its shareholders will now proceed with the acquisition subject to certain conditions.

The Korella Mine is located in North-West Queensland approximately 150km southeast of Mt. Isa and adjoins the Phosphate Hill Mine owned and operated by Incitec Pivot.

The mine is on mining lease ML90209, in force until 2033 and which covers approximately. 1,602 ha of grazing land on Chatsworth Station in the Shire of Cloncurry.

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Media Coverage: The Market Herald - hatham (TSXV:NZP) acknowledges the Supreme Court of New Zealand’s decision regarding TTR application

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Chatham Rock Phosphate Limited (NZP) acknowledges the Supreme Court of New Zealand’s decision in respect to the Trans Tasman Resources (TTR) application.

The TTR application is for consent to mine up to 50 million tonnes of vanadium-rich sand a year about 20 kilometres off the West Coast of the North Island.

The court’s decision makes it easier for Chatham to reapply for a Marine Consent to recover low cadmium, organic rock phosphate from the Chatham Rise, off the east coast of the South Island.

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Media Coverage: Daily Company News - Chatham Welcomes TTR Supreme Court decision

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Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX: “CRP” or the “Company”) welcomes the Supreme Court decision released this week in respect to the Trans Tasman Resources (TTR) application to mine up to 50 million tonnes of vanadium-rich sand a year about 20 kilometres off the West Coast of the North Island.

In our view the decision is not a show-stopper.

To the contrary, it clarifies and eliminates the uncertainties arising from earlier decisions.

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Media Coverage: Stockhouse - Chatham Welcomes TTR Supreme Court Decision

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WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX:

“CRP” or the “Company") welcomes the Supreme Court decision released this week in respect to the Trans Tasman Resources (TTR) application to mine up to 50 million tonnes of vanadium-rich sand a year about 20 kilometres off the West Coast of the North Island.

In our view the decision is not a show-stopper.

To the contrary, it clarifies and eliminates the uncertainties arising from earlier decisions.

Read the rest of the article on stockhouse.com