The permit is for the Maximus Prospect, part of its Arapua Fertilizer Project, located in the Brazilian state of Minas Gerais. A number of work streams are being actively pursued at Maximus and a brief status report on each of these work streams is outlined below.
Maximus project
The second drilling programme at the Maximus prospect was recently completed. The programme aims to increase the size of the current resource to support an increased mine life and production rate and define the full extent of the mineralisation.
A total of 39 air core holes were drilled for 771.05 m, with an average thickness of 19.8 m. The majority of the holes were drilled to the east of the current resource, whilst a further ten holes were drilled to test the extent of the mineralisation over the Maximus prospect, including four holes in a kimberlite which had previously shown elevated P2O5 and K2O values from auger sampling. The drill core is currently being split and sampled and will be sent for analysis within the next week. The initial results are expected by mid-January 2017.
