Darwin-based Verdant Minerals is in the final stages of its feasibility study for the Northern Territory's Ammaroo Phosphate Project, with final capital, operating costs and the Draft Supplementary Environmental Impact Statement among the processes completed. The Ammaroo holding is located 220km from Tennant Creek and comprises 350,000 tonnes of phosphate. Verdant has already signed a memorandum of understanding covering an annual offtake of a billion tonnes set to go to India's Greenstar Fertilisers. The company aims to begin the development stages in the coming weeks.
Darwin-based Verdant Minerals is in the final stages of its feasibility study for the Northern Territory's Ammaroo Phosphate Project, with final capital, operating costs and the Draft Supplementary Environmental Impact Statement among the processes completed. The Ammaroo holding is located 220km from Tennant Creek and comprises a billion tonnes of phosphate. Verdant has already signed a memorandum of understanding covering an annual offtake of 350,000 tonnes set to go to India's Greenstar Fertilisers. The company aims to begin the development stages in the coming weeks.