The Apui Phosphate Project is located in the Amazonas State in Brazil and covers most of the Jatuarana basin, which was identified as having significant phosphate mineralization by the Brazilian Geological Survey in the 1980's. The Apui Phosphate Project comprises 17 tenements covering approximately 180,000 hectares. Widespread phosphate mineralization was indicated from reconnaissance exploration. Studies to identify the most prospective areas for further examination are in progress. MBAC owns 35% of the property with an option to acquire 100% interest in the project.
