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Bullboard - Stock Discussion Forum Chatham Rock Phosphate Ltd V.NZP

Alternate Symbol(s):  GELGF

Chemicals Basic Materials
Chatham Rock Phosphate Limited is a New Zealand-based junior mineral development company. It is focused on the development of a marine phosphorite deposit off the coast of New Zealand. It holds a Mining Permit over an area off the coast of New Zealand with seabed deposits of rock phosphate, rare earths and other potentially valuable minerals. Its Chatham Rise Project covers an area of seabed... see more

TSXV:NZP - Post Discussion

Chatham Rock Phosphate Ltd > Chatham Rock Phosphate Ltd. receiving environmental approval
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Post by sdhaka on Jul 23, 2024 4:30pm

Chatham Rock Phosphate Ltd. receiving environmental approval

I just read the news about Chatham Rock Phosphate Ltd. receiving environmental approval for its Korella North project in Australia! 
 
This is a significant milestone, as it includes a 10-year mining permit with an option to extend for an additional 10 years. Korella North, located next to Incitec Pivot’s (ASX: IPL) Phosphate Hill mine, hosts a small-tonnage, low-grade resource. With this approval, Chatham is now in the final stages of securing its mining permit.
 
Analysts are optimistic about this news. The proximity to Phosphate Hill and the long-term potential of the mining permit could position Chatham well for future growth.
 
What are your thoughts on the potential of Korella North? 
 
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