Agoracom Blog

Legend International Holdings, Inc. Announces Significant Milestones

Posted by AGORACOM-JC at 9:36 AM on Monday, May 10th, 2010

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.

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