| | Vancouver, B.C., September 12, 2018 - Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", or the "Company") is pleased to announce that its joint venture operating partner (“Demetra Fertilizantes S.A.” or “DFSA) has confirmed receipt of a “follow-on” purchase order for export totaling 7,500 tonnes of agri-gypsum fertilizer products processed at the Joint Venture’s Ana Sofia project, Argentina. Additional domestic and export orders are currently in negotiation and will be announced as they are finalized. Preparations have commenced to fulfill the above-mentioned purchase order and the Company anticipates completion of delivery within the first half of its fiscal year. The purchase order consists of both premium powder and granular materials, as well as a blended product having a total value of approximately C$650,000. Centurion’s President & CEO, David Tafel, commented: “We are pleased to see the efforts of DFSA to expand its customer base, have started to yield repeat business. This purchase order represents a tonnage increase 4 times larger than the client’s initial filled order.” Demetra’s President, Sebastian Cattaneo, also commented: “With export sales priced in USD, we’ve limited our risk associated with Argentina’s present currency fluctuations. In fact, we’re selling fertilizer in USD, while our production costs are largely denominated in Argentine Pesos.” ABOUT THE ANA SOFIA PROJECT
The Ana Sofia Project includes an agri-gypsum open pit mine and processing facility having a current design capacity of 4,000 tonnes/month. Gypsum is extracted from near-surface, flat-lying beds within the sedimentary formation that extends throughout the Ana Sofia Property, located in Santiago del Estero Province, Argentina. The gypsum rock is fed into primary and secondary crushers, then screened and sorted into two agri-gypsum fertilizer products. The plant is designed to produce a pellet-sized granular product and a fine powder product (comprised of a minimum 85% gypsum content) that are each packaged into one tonne tote bags. Agricultural gypsum (calcium sulfate dihydrate) is a valuable plant nutrient and plays a vital role in maintaining soil structure and nutrient balance in South American soils, resulting in enhanced crop yields.
The Project comprises two mining concessions totalling 50 hectares (ha) in size within a larger (approximately 600 ha) exploration permit area. The Project is well situated within a region where other small producers are currently extracting agricultural gypsum and selling to fertilizer distributors and farmers. An initial inferred gypsum resource for the Project was estimated (news releases - October 31, 2016 and December 16, 2016) to comprise 1.47 million tonnes averaging 94.1% gypsum, using an 85% cut-off grade that is the minimum required gypsum content for commercial-quality agricultural gypsum products in Argentina. For additional updates, follow our operations at:
Centurion Minerals - Twitter Account and Demetra Fertilizantes - Instagram Account ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company with an international focus on the development of agri-mineral fertilizer projects. For additional information on the Ana Sofia project and applications of agri-gypsum, visit our website: www.centurionminerals.com |