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MINBOS RESOURCES LIMITED — Capital/Financing Update 2019
Oct 16, 2019
65355_rns_2019-10-16_02e9dd01-c36a-4d65-bbd0-b238a84f07e4.pdf
Capital/Financing Update
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17 October 2019
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ASX ANNOUNCEMENT
MINBOS TO TENDER FOR ANGOLAN PHOSPHATE LICENCES
Minbos Resources Limited ( ASX:MNB ) (“Minbos” or “the Company” ) is pleased to advise that the Republic of Angola’s Ministry of Mineral Resources and Oil (MIREMPET) has formally launched its public tender for Mining Rights Grants , which includes the area previously held by Minbos in Cabinda. The Company welcomes the announcement of the tender and congratulates President Joao Lourenco and the Government of Angola for running an open and accessible tender process. Minbos will be making a formal submission for the Cacata Phosphate Project and has made strong reprepresentations at local and international (technical presentations) roadshows organized or attended by the Angolan Government. Tenders must be submitted by the 18[th] November 2019.
Minbos has substantial experience in developing phosphate projects in Angola and the wider Congo Basin, having spent AUD$20 million on exploration and feasibility studies in Cabinda Phosphate Project. The Company has a plan to deliver high-yield/low cost phosphate fertilizer to the mutual benefit of local farmers and agri business (Figure 2).
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Figure 1 – Cabinda Phosphate Fertilizer Blend Greenhouse Trials at the International Fertilizer Development Center (Muscle Shoals, Alabama)
ASX Code: MNB Office: Suite 1, 245 Churchill Avenue, Subiaco WA 6008 T: +61 8 6270 4610 E: [email protected] W: www.minbos.com ABN: 93 141 175 493
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For further information, please contact
Lindsay Reed
Chief Executive Officer Email: [email protected] Phone: +61 8 6270 4610 ABOUT MINBOS
Minbos Resources Limited (ASX: MNB) is an ASX-listed exploration and development company with interests in phosphate ore within the Cabinda Province of Angola and Rare Earth Elements in Madagascar. The Company’s immediate focus is to develop a project to produce a low-cost/highyield fertilizer blend suitable for crops and soils within Angola and the wider Congo Basin.
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Figure 2 – Location of Angolan phosphate interests highlighting the experience and institutional knowledge the Company has acquired over the years
For more information: www.minbos.com
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ASX Code: MNB Office: Suite 1, 245 Churchill Avenue, Subiaco WA 6008 T: +61 8 6270 4610 E: [email protected] W: www.minbos.com ABN: 93 141 175 493