Legend International Holdings, Inc. Announces Significant Milestones Achieved and Project Update for the Georgina Basin Phosphate Project
Legend announced significant milestones achieved and a project update for its Georgina Basin Phosphate Project in Queensland, Australia. The highlights of this announcement include:
- Wengfu (Group) Ltd feasibility study on track for completion this quarter.
- Paradise South (Lady Annie) Australian JORC code compliant Inferred Mineral Resource estimate completed with an approximate 80% increase in tonnage when compared to historical results.
- Legend signs Memorandum of Understanding (MoU) with Xstrata regarding supply of sulphuric acid to a phosphoric acid plant in Mt Isa.
- Legend and Coogee Chemicals Ltd signs MoU to develop a Joint Venture for the production of sulphuric acid, phosphoric acid storage and sulphuric acid storage for the phosphoric acid plant.
- Legend signs landmark agreements with the Traditional Aboriginal Owners for Paradise North and D-Tree mining leases.