Strata Minerals withdraws from Cardabia phosphate JV

By James Sean Dickson
Published: Thursday, 27 November 2014

Strata appears to be increasingly confident about its prospects at the Diamond Mountain phosphate project. The company, which recently identified further mineralisation at the Utah-based property, now plans to focus its efforts on bringing Diamond Mountain forward.

Vancouver, Canada-based Strata Minerals Inc. has withdrawn from the Cardabia joint venture (JV) phosphate project, located in Western Australia.

Strata’s most recent exploration programme at the project, of which it previously owned 80%, concluded in June 2013. Through the dissolution of the JV, the company estimates that it will save Australian dollar...

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