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DuSolo Reaches Full Production Capacity at Bomfim Processing Plant

Posted by AGORACOM-JC at 8:33 AM on Wednesday, June 17th, 2015

  • Reached its full production capacity of 20,000 tonnes per month at its Bomfim Processing Plant where the Company manufactures its Direct Application Natural Fertilizer product
  • During the current planting season, DuSolo intends to produce at least 100,000 tonnes of DANF product, the maximum amount currently allowed by the mining permits the Company has in place
  • Earlier this year, DuSolo submitted an application to double its allowable mining capacity to 200,000 tonnes per year.

VANCOUVER, BRITISH COLUMBIA–(June 17, 2015) – DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) (“DuSolo” or “the Company”) has reached its full production capacity of 20,000 tonnes per month at its Bomfim Processing Plant (the “Plant”) where the Company manufactures its Direct Application Natural Fertilizer (“DANF”) product. During the current planting season, DuSolo intends to produce at least 100,000 tonnes of DANF product, the maximum amount currently allowed by the mining permits the Company has in place. Earlier this year, DuSolo submitted an application to double its allowable mining capacity to 200,000 tonnes per year.

This year’s planting season began in late May, and is expected to go to late fall.

“This will be the first full planting season in which DuSolo will be producing fertilizers. At our current production rate, we are able to deliver on all sales contracts currently in place,” said Eran Friedlander, President and CEO of DuSolo. “With the anticipated increased capacity, the Company will be in a position to enter into additional sales contracts this year, thereby addressing the growing demand for DANF in the region.”

DANF PRODUCTION

The Company has re-commenced at surface mining operations at the Santiago target and is currently excavating around 1,000 tonnes per day.

DANF production restarted in late May, at which time DuSolo began ramping up its operations. The Plant is now running 5.5 days a week with two shifts working a total of 20 hours per day. Approximately 900 tonnes of DANF is now being produced daily, totaling 20,000 tonnes per month.

DuSolo also recently completed the construction of an on site laboratory in order to test and ensure the quality of its 12%, 15% and 18% P2O5 DANF products.

FACILITY UPGRADES

In anticipation of receiving permits to increase its production rate, DuSolo is installing upgrades at the Plant. The longer than expected rainy season and infrastructure-related issues prevented the Company from carrying out its initial plan to have the additional production capacity in place by the original date of March 2015.

DuSolo has now begun installing the three hammer mills, additional conveyor belts and electrical infrastructure upgrades necessary to increase its annual production capacity to 160,000 tonnes per year. Total capital expenditure is expected to be C$315,000 and will take approximately 2 months to complete.

ABOUT DIRECT APPLICATION NATURAL FERTILIZER

DANF is an environmentally friendly, natural fertilizer derived from phosphate-rich rock types. It can be used on its own or in combination with other phosphate-based fertilizers in order to increase crop yields. Farmers in Brazil’s Cerrado region prefer using DANF on their crops, however local supply is limited and the alternative, imported phosrock, is highly-priced due to transportation and other importation costs. By being the only DANF producer within a 500 km radius of its production facility, DuSolo is able to meet the needs of farmers in the area by providing a premium product at competitive prices.

DuSolo produces DANF during Brazil’s planting season, which typically goes from April to October. During the rainy season, November to March, the Company intends to carry out care and maintenance at the Plant in advance of the next planting season.

ABOUT DUSOLO

DuSolo Fertilizers Inc. (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) is a producer and distributor of phosphate based fertilizers within the Cerrado region of Brazil, one of the fasting growing agricultural producing regions globally. As part of a nationwide effort, incentivized by the government, DuSolo’s goal is to increase the supply of domestically produced fertilizers and help the region achieve agricultural self-sufficiency.

On behalf of the Board of Directors DuSolo Fertilizers Inc.

Eran Friedlander, President and CEO

Forward-looking statements

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Disclosure

The Company is not basing its decision to begin production of DANF on a feasibility study of mineral reserves demonstrating economic and technical viability. Without a technical report demonstrating economic and technical viability, there is increased uncertainty as to whether DuSolo will be able to economically produce DANF products and as to whether DuSolo will be confronted with any unforeseen technical impediments. Similarly, the Company has not completed a preliminary economic assessment before making production and project expansion decisions.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

DuSolo Fertilizers Inc.
Eran Friedlander
President and CEO
604-272-7157
[email protected]
www.DuSolo.com

AGORACOM Feature: Potash Junior (PP: TSX-V) Shows Liquidity and Gains *Sponsor*

Posted by AGORACOM-JC at 10:01 AM on Friday, May 17th, 2013

 

TSX: PP.V | FSE: P9P| OCTQX: PPOTF

Pacific Potash has acquired a 100% interest in the Amazonas Basin Potash project in Brazil. The Company is planning a late summer exploration program on its claim block which totals 795,824 hectares. The Amazonas Potash Basin is similar in size, scale and geology to Saskatchewan’s potash evaporate deposit, which is the largest and most prolific potash reserve in the world.

3 Month Chart

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Investment Highlights – Brazil

Amazonas Potash Basin

  • The Brazilian Government plans to reduce Brazil’s reliance on potash imports from 91% to 60% over the next 5 years
  • Soils in Brazil are deficient in potassium and require potash to remain productive
  • The Amazonas potash basin is similar in geology and dimension to the Saskatchewan potash basin in Canada
  • Two deposits owned by Petrobras—Arari and Fazendinha—are located 20 and 40 km west of the property being optioned by Pacific Potash. These two deposits have reported historic resources as follows*:

Fazendinha – 520 Mt @ 28.8% KCl
Arari – 659 Mt @ 17.7% KCl

Highlights of 43-101 Report

  • Potash has been intersected on 3 margins immediately adjacent to the property (West, North, and North East).
  • The Property is located on the northwest limb of the Middle Amazonas Basin, extending across the deepest part of the basin axis. The known occurrence of potassium salts (potash) is in Cycle VII in the Nova Olinda Formation. The Cycle VII potash mineralization occurs in numerous drill holes in the Middle and Lower Amazon basin, including those that define the Fazendinha and Arari potash occurrences.
  • Well log control from within the basin, but outside the claims, indicates thickening of the Nova Olinda formation towards the basin axis.
  • Potential potash layers are expected to occur at depths of 1100 to 1800 m.

Highlights of the Agapito & Associates Report

  • Potash mineralization at the Fazendinha and Ararí properties was identified by Petrobrás in the 1970s and 1980s. Grades reported at Fazendinha range from 28% to 33% potassium chloride (KCl) over thicknesses ranging from 0.98 m to 4.58 m. The depth of the potash zone ranges from 1,000 to 1,100 m. At Ararí the depth to the potash zone ranges from 995 to 1,300 m.
  • Brazil Potash Corporation’s drilling near Autazes, west of the Company’s claims, has encountered potash in 13 wells. Potash grades ranged from 15% to 40% KCl, over thicknesses ranging from 1.35 m to 3.13 m. Two wells near Itapiranga, north of the Company’s claims, encountered potash, with grades of 23% KCl over 2.20 m and 26% KCl over 4.84 m, respectively.
  • The ambient temperature at these depths could range from 41 degrees Celsius (°C) to 51 °C based on average crustal heat flows and the local geology. This temperature range is comparable to the temperature encountered at the Belle Plaine solution mine in Saskatchewan.
  • Based on the above, the Agapito report concludes that solution mining on the Company’s permits is potentially feasible if potash is encountered during exploration drilling, provided that the true thickness of the potash bed(s) exceeds 2 m, and the grade of the potash exceeds 15% K2O (24% KCl).  Solution mining of KCl is enhanced if the ambient formation temperature in the potash beds exceeds 40°C.

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