When it comes to agri-business,
The main agricultural hubs of the South American country are southern
One of the companies currently working on developing a phosphate project in central
Earlier this month, DuSolo secured a lease and completed the upgrade on the its Phosphate Fertilizer processing facility. Indeed, securing the lease was a significant milestone for the company and combined with the completion of the processing facility, the company now has a process plant with a capacity to produce 80,000 tonnes of direct application natural fertilizer (DANF) per year. Now, with the latest news, as Haywood analyst
Once the final permit is in place, the company is expected to be producing the 80,000 tonnes per annum of DANF, while also pursuing an aggressive drill program to expand the resource. Carew notes that the firm is looking forward to DuSolo acquiring its mine permit for
DuSolo is a 75-percent owner of Bonfim with an option to increase ownership to 100 percent should it meet certain obligations. The project’s claims are found mostly in the southern part of the
DuSolo is planning a staged-production with its DANF as a mean to generate cashflow in the short term, while being as cost efficient as possible. As the company notes on its site, due to the various selling prices for DANF, the company is planning to start production from the high grade ore on the property without the need to invest in a flotation plant. From there, the company is also targeting thermal phosphate production in order to reach a wider market.
As it stands, the company is awaiting its final permit.
Securities Disclosure: I,
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