November 2017 Transaction Overview Presentation
Additional details of the pending transaction for Conda Phosphate.
https://itafos.com/investors/presentations-fact-sheets/november-2017-transaction-overview-presentation/
Slide # 8 Confirms what has been speculated - that Conda can be expanded to handle ore from Paris Hill.
This is a game changing development if technically feasible.
Paris Hill needed $!20- $150 Million US to build a plant and likely 12-18 months of development - If they expand Conda the Capex is likely siginficantly less then that for the same throughput and in likley half the time to implement. Improves economics immensly.
They are less then 1hr apart geographically
Slide #8:
Low cost supply of phosphate ore with potential to integrate Itafos-Paris Hills to extend CPO useful life
CPO has an expected mine life through 2023, however, multiple options in place to extend mine life and resulting CPO useful life at comparable cost
Develop Husky 1 and North Dry Ridge mines, located in close proximity to existing mines
Integrate with Itafos -Paris Hills, located approximately 35 miles from CPO and owned
100% by Itafos
Increase purchase of 3rdparty phosphate ore from other local sources