Industry Article: Fertilizer Association - Value of Phosphorus Fertiliser to the New Zealand Economy

Value of Phosphorus Fertiliser to the New Zealand Economy

Phil Journeaux, Journeaux Economics

Completed: February 2024The Fertiliser Association of New Zealand commissioned a study to analyse the value of phosphorus fertiliser to the primary sector, both at the farm gate and to the wider New Zealand economy.

The study assesses the economic impact of the decline in soil fertility if phosphorus fertiliser was not available.

Read the full report here

Media Coverage: Proactive Investors - Chatham Rock Phosphate makes good progress with critical projects, targets Q4 production

Chatham Rock Phosphate Ltd CEO Chris Castle takes Proactive's Stephen Gunnion through the company's history, projects, and future plans.

Chatham Rock Phosphate, established by Castle in 2006, focuses on providing a local substitute for rock phosphate in New Zealand, traditionally imported from Morocco. Castle highlighted the environmental benefits of their phosphate, which is free from cadmium and supports sustainable agriculture.

The company has made significant progress with its projects, including the imminent production project Korella North, expected to commence in Q4 2024. Castle also discusses larger projects, such as Korella South and Avenir Makatea in French Polynesia. The company's flagship project, Chatham Rise, remains a focal point, bolstered by recent changes in New Zealand's government favouring mineral development.

Read the full article on proactiveinvestors.com

Media Coverage: Endeavour Magazine - Phosphate for the Future

Many nations rely on importing phosphate, leaving them vulnerable to potential supply chain issues which can have significant effects on their agricultural development. We got the chance to talk with Chris Castle, CEO of Chatham Rock Phosphate (CRP), to see how the company is working to establish itself as a global supplier of low cadmium direct application (organic) phosphate to the agricultural sector.

Read the rest of the article in the October 2023 Endeavour Magazine.

Media Coverage: Todays Stocks - Chatham Rock Phosphate’s Pioneering Journey: Steering the Junior Mining Industry to New Heights

Chatham Rock Phosphate Limited, recognized by its listings on TSXV as “NZP” and on NZX as “CRP”, is navigating its way through the junior mining industry with significant advancements in its lead project, Korella North, located in Queensland. For investors with an eye on the junior mining sector, Chatham Rock Phosphate’s developments mark a critical juncture in phosphate mining, potentially reshaping industry landscapes.

Progressive Strides in Korella North

Chatham Rock Phosphate’s progress in its Queensland-based Korella North project signals promising strides towards operational success, following the revelation of substantial resources in the recent NI43-101 independent report. The report has confirmed an impressive 600,000 tonnes of Indicated Resources and 2.1 million tonnes of Inferred rock phosphate resources within EPM28589, allowing the company to strategically delineate the initial Mining Lease Application’s proposed location.

Read the full article on todaysstocks.com

Industry Article: ABC NT Country Hour - Resources company Korella is looking to mine rock phosphate and manufacture MCP for the northern cattle industry.

ABC News Country Hour discusses Korella Phosphate

The National Farmers Federation wants to strengthen Indigenous engagement in agriculture.

• Value-adding. We speak to Lara Wilde from FNQ Food Incubator.

• Who won the 2023 Ian Baker award for excellence in agriculture?

• The Federal Department of Agriculture's finances are back in the black, officials tell Senate Estimates.

• A new cotton gin to be built in Kununurra will be unlike any other in Australia, according to Namoi Cotton.

• Resources company Korella is looking to mine rock phosphate and manufacture MCP for the northern cattle industry.

• Potential breakthrough in the fight against varroa mite. 

Listen to the article on abc.net.au
(32:31 - 40:39 minutes)

Media Coverage: Superbcrew - Chatham Rock Phosphate Limited: Private Placement – Extension Of Closing Date To June 1, 2023

On 12 April 2023 Chatham Rock Phosphate Limited, “CRP” or “the Company” (TSXV: “NZP”, NZX: “CRP” FSE “3GRE”) announced that the Company is proceeding with a non-brokered private placement (the “Private Placement”) of up to 30,000,000 units (the “Units”) at a price of CAD $0.13 per Unit (NZ$0.154) for gross proceeds of up to CAD $3,900,000 (NZD $4,620,000).

Each Unit will consist of one common share in the capital of the Company and one (1) transferable share purchase warrant (“Warrant”), transferable subject to applicable securities legislation. Each Warrant will entitle the holder thereof to acquire one common share at a price of CAD $0.45 per share at any time prior to the date that is three (3) years from the date of issuance.

Read the rest of the article on superbcrew.com

Industry Update: Straterra - Discussion on seabed mining welcomed

Straterra welcomes Environment Minister David Parker’s announcement that he has asked Parliament’s Environment Select Committee to conduct an inquiry into seabed mining.

“It is good to see that Minister Parker’s Government will not support a member’s bill from Debbie Ngarewa-Packer banning seabed mining without looking at all the facts and evidence first,” says Straterra chief executive Josie Vidal.

“We are ready and willing for the conversation about the role that minerals recovered by seabed mining could play in New Zealand’s transition to a decarbonised economy,” Vidal says.

Read the rest of the article on straterra.co.nz

Media Coverage: Daily Company News - Chatham Confirms Significant Progress In Its Monocalcium Phosphate Project

Chatham Rock Phosphate Limited, “CRP” or “the Company” (TSXV: “NZP”, NZX: “CRP” FSE “3GRE”) wishes to announce that our wholly-owned Australian subsidiary, Korella MCP Pty Ltd., has taken a significant first step in its march to become the sole Australian producer of monocalcium phosphate (MCP).

The first step to produce MCP is to produce the precursor weak phosphoric acid (WPA) which has just been successfully accomplished in bench scale tests at Monash University.

Read the rest of the article on dailycompanynews.com

Media Coverage: Superb Crew - Chatham Rock Phosphate announces private placement

Chatham Rock Phosphate Limited, “CRP” or “the Company” (TSXV: “NZP”, NZX: “CRP” FSE “3GRE”) wishes to announce that the Company is proceeding with a non-brokered private placement (the “Private Placement“) of up to 30,000,000 units (the “Units“) at a price of CAD $0.13 per Unit (NZ$0.154) for gross proceeds of up to CAD $3,900,000 (NZD $4,620,000).

Each Unit will consist of one common share in the capital of the Company and one (1) transferable share purchase warrant (“Warrant“), transferable subject to applicable securities legislation. Each Warrant will entitle the holder thereof to acquire one common share at a price of CAD $0.45 per share at any time prior to the date that is three (3) years from the date of issuance.

Read the rest of the article on superbcrew.com

Media Coverage: Daily Company News – Advancing Phosphate Fertilizer Projects In Oceania To Production

Written by:
Chris Castle, 64 21 55 81 85 or chris@crpl.co.nz
Chief Executive Officet – Chatham Rock Phosphate Ltd
Web: www.rockphosphate.co.nz

Chatham Rock Phosphate Ltd recently announced that this analyst coverage is a significant advance for Chatham:

Chatham Rock Phosphate Limited (TSXV: NZP / NZSE: CRP / FSE: 3GRE) – Advancing Phosphate Fertilizer Projects in Oceania to Production – Resuming Coverage • Fundamental Research Corporation, researchfrc.com

A Near-Term Producer of Fertilizers in an Area Reliant on Imports

• We are resuming coverage on this company. Since our previous report in 2018, the company has expanded its portfolio by adding two phosphate properties. This company currently holds three phosphate properties.

• As New Zealand and Australia import most of its phosphate needs from Morocco/Russia/China, there is a strong need for domestic production.

• This company is aiming to advance the Korella project to production by Q4-2023, and the Makatea project by 2025. Although both projects do not have NI 43-101/JORC resource estimates, historic exploration indicates that both have potential for producing 250,000 tonnes per annum (Ktpa) of phosphate for 10+ years. These projects are also prospective for rare earth elements.

• Upcoming catalysts include permitting and production at Korella and Makatea.

See the article on dailycompanynews.com