MBAC Fertilizer Corp. has both phosphate and potash properties in Brazil.
Phosphate
Itafos Phosphate Project - The Itafos Phosphate Project is located at the border
of Goias – Tocantins states in Brazil. MBAC plans to build a Single Super Phosphate
(SSP) fertilizer plant at Arraias, in Tocantins. Phosphate rock mined will be beneficiated
and converted to SSP by treating it with sulphuric acid. The property is 100% owned
by MBAC Fertilizer Corp.
Apui Phosphate Project - The Apui Phosphate Project is located in Amazonas state.
The Apui Phosphate Project covers most of the Jatuarana basin, which was identified
by the Brazilian Geological Survey in the 1980’s as hosting significant phosphate
mineralization. Widespread phosphate mineralization was indicated from reconnaissance
exploration. MBAC has entered into an agreement with Redstone Resources in which
MBAC acquired 35% of the Apui Phosphate Project and the option to acquire a 100%
interest in the project.
Potash
Aneba Potash Project – The Aneba Potash Project is located immediately to the north
of the two world class potash deposits, Arari and Fazendinha in the Amazonas State
in Brazil. The Aneba Potash Project is comprised of 27 exploration licenses that
have been approved by the Mineral Department of Brazil and cover approximately 2,600
km2 and six pending applications for exploration licenses. This is a
favourable geological setting and very close to transport infrastructure. MBAC has
entered into an agreement with Redstone Resources in which MBAC acquired 35% of
the Aneba Potash Project and the option to acquire a 100% interest in the project.
Coastal Potash Project – Initial potash deposits were discovered by Petrobras, the
Brazilian national oil exploration and production company. MBAC has acquired approximately
two (2) million hectares of prospective coastal property for exploration and evaluating
feasible extraction of potash. MBAC has a 100% interest in the project.