Minemakers (ASX Code: MAK) is developing the 100% owned Wonarah rock phosphate project in the Northern Territory. The current JORC Inferred Resource stands at 1,258Mt @ 12% P2O5, which underpins Wonarah's long life mine potential, and makes Wonarah Australia's largest JORC Compliant rock phosphate deposit. Permitting for mine start up will be completed in 2010.
The Company has recently completed a positive Feasibility Study for its DSO operations and the first bulk sampling operation to provide product to potential customers.
Wonarah is also the only Australian rock phosphate project granted government Major Project status and enjoys important Traditional Owner and stakeholder support.
With a second world class phosphate deposit in its portfolio, the Namibian Marine phosphate project (42.5%), which has a JORC Compliant Resource of 1,507Mt @ 18.7% P2O5, Minemakers is aiming to become a new world force in rock phosphate.
Minemakers has a further portfolio comprising several projects with significant identified resources and large databases, and others with highly prospective mineral targets.
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