MINBOS RESOURCES LIMITED — Capital/Financing Update 2012

Sep 9, 2012

ASX ANNOUNCEMENT/MEDIA RELEASE

ASX Code: MNB PERTH OFFICE EXCELLENT
FERTILISER
TESTWORK
RESULTS 108 Outram St West Perth WA 6005 Australia Emerging phosphate developer Minbos Resources Limited (“Minbos”) (ASX:MNB) has received T: +61 8 9476 4500 positive
results
from
a
recent
testing
program
to
examine
the
ability
of
the
Cacata
concentrate
to
be E: info@minbos.com W: www.minbos.com converted
to
phosphoric
acid
and
DAP
fertiliser. SOUTH AFRICA OFFICE 42 Kyalami Boulevard Leading
global
fertiliser
company
Yara
was
contracted
to
undertake
the
testwork. Kyalami Business Park, Kyalami Johannesburg Highlights
of
the
results
include: South Africa T: +27 11 466 8516/7

• The
Cacata
phosphate
can
be
successfully
processed
in
the
dihydrate
phosphoric
acid route.
The
quality
of
the
phosphate
rock
was
good
(of
the
order
of
34.4%
on
a
dry
basis) with
metallic
impurities
(aluminium,
iron
an
magnesium)
similar
to
the
levels
found
in commercial
phosphates,
resulting
in
an
excellent
process
performance

• The
level
of
cadmium
(10ppm)
is
similar
to
that
found
in
other
commercial
rocks

• Filtration
properties
of
the
phosphoric
acid
slurry
were
excellent

• Water
soluble
losses
were
low,
enabling
a
total
P2O5
efficiency
in
excess
of
96%
to
be achieved,
which
is
at
the
high
end
of
the
normal
commercial
range

• Concentration
of
the
weak
acid
to
commercial
merchant
grade
50%
P2O5
product
was achieved

• Low
magnesium
and
aluminium
levels
tempered
the
metal
content,
resulting
in
a
DAP with
high
values
for
both
N
and
P2O5
with
both
in
excess
of
the
internationally
accepted standard
for
DAP
18:46:0

Minbos
Executive
Chairman,
Mr
Peter
Richards,
said:

“The
 Yara
 testwork
 has
 shown
 that
 the
 Cacata
 concentrate
 performs
 exceptionally
 well
 in
 the production
of
phosphoric
acid
and
DAP
fertiliser.
This
result
is
based
largely
on
the
high
grade
and low
 deleterious
 content
 of
 the
 rock
 phosphate
 that
 can
 be
 produced
 from
 Cacata
 and
 further supports
the
position
of
research
company
CRU
that
the
Cacata
concentrate
should
attract
a
healthy premium
over
the
Moroccan
benchmark.

ASX ANNOUNCEMENT/MEDIA RELEASE

“This
is
great
news
as
we
work
towards
the
development
of
our
two
phosphate
rock
projects
in
West Africa,
to
meet
a
growing
global
demand
for
fertiliser.

COMPETENT
PERSON
STATEMENT

The
information
in
this
report
has
been
reviewed
and
approved
for
release
by
Mr
David
Reeves,
M. AusIMM,
MSAIMM
who
has
over
20
years’
experience
in
mineral
development.

Mr
Reeves
is
a
non‐ executive
director
of
Minbos.

He
has
sufficient
experience
in
relation
to
the
style
of
mineralisation and
 type
 of
 deposit
 under
 consideration
 to
 qualify
 as
 a
 Competent
 Person
 as
 defined
 by
 the "Australasian
Code
for
Reporting
of
Exploration
Results,
Mineral
Resources
and
Ore
Reserves"
(The JORC
Code
2004
Edition).
Mr
Reeves
has
consented
to
inclusion
of
this
information
in
the
form
and context
in
which
it
appears.

For
further
information
please
contact:

Peter
Richards Robert
McCrae Executive
Chairman Chief
Executive
Officer peter@minbos.com robbie@minbos.com (+61)
8
9476
4500 (+27)
82
319
2690

For
media
enquiries
contact:

David
Ikin
–
Professional
Public
Relations david.ikin@ppr.com.au (+61)
8
9388
0944

About
Minbos

Minbos
Resources
Limited
is
an
exploration
and
development
company
with
phosphate
and
potash bearing
ore
within
the
Cabinda
Province
of
Angola
and
the
adjoining
areas
of
the
far
western
DRC. Through
 its
 subsidiaries
 and
 joint
 ventures,
 the
 Company
 is
 exploring
 over
 400,000ha
 of
 highly prospective
ground
hosting
phosphate
and
potash
bearing
ore.

Minbos
is
focussed
on
the
completion
of
the
Bankable
Feasibility
Studies
on
the
both
the
High
Grade Cacata
project
in
the
Cabinda
Province
of
the
Angola
and
the
High
Grade
Kanzi
Project
in
the
Bas Congo
Province
of
the
DRC.

The
 Company’s
 strategy
 is
 to
 specifically
 target
 the
 exploration
 and
 development
 of
 low
 cost fertiliser‐based commodities in order to tap into the growing global demand for fertilisers. Phosphate
and
potash
are
an
essential
component
in
certain
agricultural
fertilisers,
with
the
market supported
by
the
increasing
global
demand
for
food
and
bio‐fuel
products.
For
more
information, visit
www.minbos.com