ABN 48 116 296 541
EXCHANGE RELEASE
Market Update - Near Term Production Opportunity and
JDCPhosphate, Inc.
Near-term Production Opportunity
2 April 2015
Minemakers Limited (Minemakers or the Company) confirms that it continues to make positive progress in securing a potential near-term production phosphate opportunity. Ongoing site due diligence has now covered a review of over 14,000 metres of drilling. Minemakers has supervised ongoing drilling, metallurgical testing and conducted mining and logistics analysis as well as corporate due diligence. This work has confirmed Minemakers preliminary view that this opportunity has the potential to be a low cost, low capital project capable of moving into production quickly.
Minemakers has engaged MPR Geological to commence work on estimation of a JORC/NI43-101 resource using both existing data and new information to be generated from a close-spaced drilling program over several potential production areas.
Negotiations are continuing and Minemakers should bring this process to a conclusion during the June quarter.
JDCPhosphate, Inc.
Minemakers advises that following achieving a record 82% phosphorus yield (refer ASX announcement
20 February) JDCP continues to make progress with additional plant enhancements in preparation for the tenth hot operating interval which is scheduled for later in April.
CRU's Phosphates 2015 International Conference & Exhibition took place in Tampa in the week of 23
March. This conference attracts phosphate industry experts and specialists. A visit to the IHP Demonstration plant in Fort Meade was included and around 50 delegates took the opportunity to meet with JDCP management at the demonstration plant.
JDCP's commercialisation funding initiative continues with ongoing interest from potential financiers.
Interested parties are encouraged to visit the JDCP website - jdcphosphate.com
Cliff Lawrenson
Managing Director
MINEMAKERS LIMITED
ABN 48 116 296 541
ASX & TSX: MAK
Level 2, 34 Colin Street
West Perth Western Australia 6005 (PO Box 1704 West Perth WA 6872) Phone: +61 8 9264 7000
Facsimile: +61 8 9264 7099
Website: www.minemakers.com.au
CONTACTS
Mr Cliff Lawrenson
Managing Director and Chief Executive Officer
Minemakers Limited
Mr Rod Wheatley
CFO and Company Secretary
Minemakers Limited