Mike O’Driscoll, Alexandra Feytis, Jack Elliott
The Queensland Paradise Phosphate Project in Australia looking to be developed by Legend International Holdings Inc. should be increased and at a stronger rate of return, an expanded feasibility study by Chinese fertiliser manufacturer Wengfu Group Ltd revealed.
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 at 33% P2O5, the recent feasibility study has proposed an expanded project case comprising: a 2m. tpa rock concentrate beneficiation plant at Paradise South (fed by a reduced mine life from 59 years to 29 years), a 140km slurry pipeline from Paradise South to Mount Isa, a 1.6m. tpa sulphuric acid plant,...