CROPS INC. : http://www.crop2o5.com/ : Create A Custom Report
Focus has built a portfolio of quality phosphate projects in Peru. Phosphate is one of the three primary nutrients used in the manufacture of fertilizers. Along with potash (KCl) and nitrogen, it helps to ensure long term food production security across the globe. With the rapid growth in the agricultural economy of Latin America, fertilizer consumption on the continent is forecast to expand and access to new phosphate deposits will become increasingly important to the region's fertilizer manufacturers. Peru currently consumes almost 350,000 tonnes of fertilizer per year and demand is increasing. But, despite production from the large-scale Bayóvar phosphate mine in the Sechura desert, which has been in operation since 2010, Peru is still reliant on phosphate imports to satisfy demand.
Focus has 3 phosphate projects in Peru: Bayovar 12, Quebranta, and Machay. All 3 projects are hosted in sedimentary rocks.
The Bayovar 12 concession, in the Sechura basin of northern Peru, is adjacent to Vale's Bayovar phosphate mine. A maiden resource estimate for Bayovar 12, was published in September 2014; 115 MT Indicated grading 12.37% P2O5 and 73 MT Inferred grading 12.44% P2O5.
The Quebranta project in southern Peru is geologically similar to Bayovar 12 but at a much earlier stage. Some initial sampling has been completed.
Near Stonegate Agricom's Mantaro project, Focus has staked a number of concessions covering the strike extension of the units hosting Machay.
For more detail, please click on the relevant project link on the map or the blue project button below it.