An expanded feasibility study by Chinese fertiliser manufacturer Wengfu Group Ltd reveals that the Queensland Paradise Phosphate Project looking to be developed by Legend International Holdings Inc. should be expanded and at a stronger rate of return.
Melbourne based Legend is evaluating a range of phosphate interests in the Georgina Basin, Queensland which have combined “historical deposits” of approximately 1.2bn tonnes averaging 16% P2O5.
With Paradise phosphate reserves at 55.5m. tonnes...