Phosphate
OVERVIEW
Great Quest began to review phosphate opportunities in Mali in 2008 but was delayed by financing conditions at that time. In 2009 the Company applied for and received the Tin Hina concession from the Malian Ministry of Mines. This concession is held in a Malian company, Engrais Phosphates du Mali SA, of which Great Quest holds an 88% interest. The remaining 12% interest is held by a Malian group. Field reconnaissance in 2009 confirmed the presence of extensive beds of phosphate rock. In June 2010 the Company announced an agreement to acquire a 97% interest in the Tarkint Est phosphate concession, immediately to the north of and adjacent to the Tin Hina concession. This increased the total area covered by the concessions to 737 sq km.
The history of phosphate exploration in Mali goes back many years and the Tilemsi areas was fist well described in a 1959 report by A. Allon. Since then a number of studies and reviews have been conducted and are available the offices of the DNGM in Bamako. Limited production of Phosphate Naturel de Tilemsi (PNT) was carried out a decade ago from a deposit to the north of the Great Quest concessions. The growth in agriculture demand in Mali, and for phosphates worldwide, has resulted in new economic circumstances and the opportunity to re-evaluate the potential of the entire region for commercial deposits and development.
(Map of Great Quest Phosphate Interests)
The Tin Hina and Tarkint Est phosphate concessions comprise the Tilemsi Phosphate Project, and are located along the east side of Tilemsi Valley in eastern Mali, 85 kilometres northeast of the town of Bourem, situated on the Niger River.
The important Convention d'Etablissement permits were issued on January 12, 2011 in respect of the Tin Hina and Tarkint Est phosphate concessions. The permits represent a critical step toward embarking on a multi-phase drilling and exploration program on target areas within both the Tin Hina and Tarkint Est concessions.
Tilemsi Project Remote Sensing
The analysis and interpretation map showing locations suspected as phosphate on surface is found in "Tilemsi Project Remote Sensing"
Great Quest began to review phosphate opportunities in Mali in 2008 but was delayed by financing conditions at that time. In 2009 the Company applied for and received the Tin Hina concession from the Malian Ministry of Mines. This concession is held in a Malian company, Engrais Phosphates du Mali SA, of which Great Quest holds an 88% interest. The remaining 12% interest is held by a Malian group. Field reconnaissance in 2009 confirmed the presence of extensive beds of phosphate rock. In June 2010 the Company announced an agreement to acquire a 97% interest in the Tarkint Est phosphate concession, immediately to the north of and adjacent to the Tin Hina concession. This increased the total area covered by the concessions to 737 sq km.
The history of phosphate exploration in Mali goes back many years and the Tilemsi areas was fist well described in a 1959 report by A. Allon. Since then a number of studies and reviews have been conducted and are available the offices of the DNGM in Bamako. Limited production of Phosphate Naturel de Tilemsi (PNT) was carried out a decade ago from a deposit to the north of the Great Quest concessions. The growth in agriculture demand in Mali, and for phosphates worldwide, has resulted in new economic circumstances and the opportunity to re-evaluate the potential of the entire region for commercial deposits and development.
(Map of Great Quest Phosphate Interests)
The Tin Hina and Tarkint Est phosphate concessions comprise the Tilemsi Phosphate Project, and are located along the east side of Tilemsi Valley in eastern Mali, 85 kilometres northeast of the town of Bourem, situated on the Niger River.
The important Convention d'Etablissement permits were issued on January 12, 2011 in respect of the Tin Hina and Tarkint Est phosphate concessions. The permits represent a critical step toward embarking on a multi-phase drilling and exploration program on target areas within both the Tin Hina and Tarkint Est concessions.
Tilemsi Project Remote Sensing
The analysis and interpretation map showing locations suspected as phosphate on surface is found in "Tilemsi Project Remote Sensing"
