PHOSCO LTD — Regulatory Filings 2012

Jun 19, 2012

Celamin Holdings N.L

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ACN 139 255 771 ABN 82 139 255 771 Suite 304, 22 St Kilda Road, St Kilda, VIC 3182 Phone: (03) 9692 7222 Fax: (03) 9529 8057 Email generaladmin@celaminnl.com.au

20 June 2012

CHAKETMA SCOPING STUDY Planning for Development

Board of Directors

Andrew Thomson (Nonexecutive Chairman)

David Regan (Executive Director)

Martin Broome (Nonexecutive Director)

Melanie Leydin (Nonexecutive Director)

Highlights:

• Chaketma Scoping Study underway

• Study team in place

• First stage of planning for development

Details

Company Secretary

Melanie Leydin

Securities on Issue:

CNL: 151,746,177 ordinary shares

CNLO: 25,367,001 options expiring 31 March 2014

CNLCA: 15,471,296 partly paid shares

As part of Celamin’s development planning, Celamin and Tunisian Mining Services SARL (TMS) are carrying out a scoping study into the possibility of developing a phosphate mining operation centred on the Chaketma Exploration Permit. The Chaketma Exploration Permit in Northern Tunisia is held by Celamin and TMS.

Celamin is sufficiently encouraged by the results of the drilling, trenching and sampling at Chaketma to date, as advised in previous announcements, to form the view that the phosphate is of a grade and quality that could support a viable mining operation based on sufficient resources being identified across the project.

The scoping study will utilise much of the information gathered from the assumptions used for the Bir El Afou Prefeasibility Study (PFS) announced in November 2011. The study for Chaketma will be a supplement to the Bir El Afou PFS. It is anticipated that by taking this approach, the Chaketma Scoping study can be completed by mid-2012.

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Celamin has engaged the services of Direct Mining Services (“DMS”), Mining Consultants from Perth, to manage the study. DMS has considerable project management experience in the mining and mineral resource industry, having previously worked for major mining companies including BHP Billiton, Newmont Mining Corporation, Newcrest Mining, KCGM, Barrick, Rio Tinto. DMS’s principal mining engineer, Mr Roger Grogan, with over 30 years’ experience as a mining engineer, is heading the study group. Mr Elyse Soukah, a Tunisian engineer with many years of project management experience, is co-ordinating the various studies being undertaken.

The Scoping Study is considering the following aspects and their possible impact on the project:-

• Geology and potential Mineral Resources

• Mining

• Metallurgy – ore characteristics and processing options

• Environmental & Social Studies

• Hydrology

• Rail and Port Options (same infrastructure as studied for Bir El Afou except for rail siding at the Chaketma mine site)

• Power/Gas Services

A study team comprising experienced experts in each of the above fields, has been assembled in Tunisia. A favourable outcome of the scoping study will lead into a full Feasibility Study including an Environment and Social Impact Study, together with a concerted Resource Definition drilling program, to delineate the Mineral Resources required to start the project.

Chaketma has the potential to support a large long life mining project. The current focus is on identifying the area with the best geological, mining and metallurgical characteristics, in order to minimise the project risks and to start mining in the least risk area of the deposit.

The Scoping Study team expects to conclude its work by the end of June 2012 and the results and go forward recommendations will be announced shortly thereafter.

DAVID REGAN MANAGING DIRECTOR

About Celamin Holdings NL

Celamin Holdings NL (ASX Code CNL) is an ASX listed company focused on the exploration and development of resource projects in North Africa initially in Tunisia and Algeria.

Celamin holds the Chaketma Phosphate exploration permit in Tunisia with TMS. This project is Celamin’s current focus as it has larger target potential than Celamin’s other Phosphate project Bir El Afou. The first results from channel sampling, drilling program and historic data at Chaketma have been announced. The Chaketma project would use the same rail and port infrastructure as identified in the Bir El Afou pre-feasibility studies.

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Celamin continues to step up work to carry out a due diligence drilling program for its farm-in to an Exploitation Permit at the Oued El Kebir precious and base metal project in Algeria.

Celamin has also acquired rights to several base metal tailings Projects in Tunisia with TMS and is the holder of three Exploration Permits with base metal (Pb/Zn) targets on a 50/50 basis with TMS.

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