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Focus Ventures Ltd

Publié le 02 mars 2015

Focus' Bayovar 12 Phosphate Project Yields Positive Metallurgical Testwork Results

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Focus' Bayovar 12 Phosphate Project Yields Positive Metallurgical Testwork Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 2, 2015) - Focus Ventures Ltd. (TSX VENTURE:FCV) ("Focus") is pleased to provide an update on recent progress from the Bayovar 12 phosphate project in northern Peru, including preliminary results of bench scale metallurgical testwork.

  • All phosphate beds can be simply processed via washing and flotation; no milling or grinding is required.

  • Each bed produced a high quality phosphate concentrate averaging 29 - 30% P2O5 with low impurity levels which means that they can be readily acidulated and converted to high analysis fertilizers such as DAP and MAP.

  • All beds respond in a similar manner, resulting in a single, versatile flowsheet that will simplify both mining and beneficiation.

  • Low levels of minor compounds MgO and FeO, along with low MER and CaO/ P2O5 ratios, will render the Bayovar 12 suitable for use in producing phosphoric acid and high analysis fertilizers such as DAP and MAP.

David Cass, President of Focus, comments: "We believe these initial testwork results represent something of a breakthrough in process design for the Bayovar District. To the best of our knowledge, this is the first time that a single plant can potentially process material from all individual beds while achieving the desired concentrate grades and, perhaps, an improvement in recovery levels. Prior designs in the District appear to require beds to be separately treated by two different process routes. The Bayovar 12 design incorporates a simple, single flowsheet offering positive implications in mine planning and operations."

Since announcing its maiden National Instrument 43-101 resource in October 2014 (see press release dated October 27, 2014), Focus's Preliminary Economic Assessment ("PEA") study has been progressing well and is on schedule, with results expected by June 2015.

In parallel with the PEA, Focus is investigating the potential for production of direct application phosphate rock ("DAPR") from Bayovar 12, targeting local Latin American agricultural markets and Organic farmers. Bayovar phosphate is known in the fertilizer industry for its very high reactivity and excellent P2O5 solubility and phosphate availability.

Metallurgical Testwork

Bench scale metallurgical testwork, by Jacobs Engineering Laboratories in Florida, is near completion. The objective of the work is a preliminary process design to produce a circa 29-30% P2O5 concentrate from Bayovar 12 rock. These test results indicate that the objective will be met with a single, simple process line.

Approximately 180kg of drill core taken from three special PQ diameter drill holes representing 13 phosphate beds plus samples of interburden was received by Jacobs in October 2014. Samples from each bed underwent a staged-process test work program comprising drum and attrition scrubbing, desliming, bulk density and specific gravity measurements, size fraction and liberation analysis, formal flotation and P2O5 concentrate characterization.

The desired phosphate mineral, called apatite, exists as small pellets. The first stage of the testing establishes a particle size, or "cut point" below which the material contains an optimally low fraction of the pellets and can therefore be discarded. This particle size diameter was determined to be 270 mesh (#), or 53 microns (μm) and is termed "slimes". Most of the undesired ore contaminants are contained in slimes and are removed by the desliming process.

The next stage of testing showed these slimes can be removed by a sequence of two types of washing with water and intervening stages of slimes removal with hydrocyclones. The amount of slimes removed in the desliming process depends on the individual bed, with typically around two thirds of the feed material eliminated as waste.

Once washed and deslimed, the material undergoes separation into three size fractions according to "cut points" established by the testing. They are:

  • +28# (600 μm and greater)
  • -28# +100# (between 600 and 150 μm), and
  • -100# +270# (between 150 and 53 μm)

The +28# coarse fraction requires a final stage of scrubbing and desliming to produce a concentrate containing from 22% to nearly 32% P2O5 (>28P in Table).

The -28#+100# fraction grades from 27% to over 30% P2O5 and requires no further upgrading (28/100P in Table).

Table 1 Summary of Metallurgical Laboratory Batch Test Results for Beds PH01 - PH13
(all values are %)

P2O5Analysis PH01 PH02 PH03 PH04 PH05 PH06 PH07 PH08 PH09 PH10 PH11 PH12 PH13 Average
Ore 15.42 11.35 19.38 20.47 10.37 13.53 9.20 6.30 11.54 8.65 13.69 13.00 12.46 12.72
Size Fractions
>28P 21.92 27.95 31.12 30.58 28.63 29.45 27.83 30.25 31.37 31.89 30.93 31.78 30.92 29.59
28/100P 27.04 29.24 32.18 28.72 29.72 29.43 29.32 29.78 29.81 30.23 29.58 29.59 29.73 29.57
100/270 18.29 16.50 24.07 26.69 22.87 26.79 24.24 24.74 24.89 24.75 24.24 23.35 24.84 23.56
Float P 26.97 28.80 28.37 29.37 29.07 29.69 28.95 28.98 28.54 28.66 28.97 28.65 28.00 28.69
Av. P2O5* 26.90 28.97 30.82 29.08 29.29 29.59 29.01 29.25 28.92 29.14 29.28 29.22 28.65 29.09
Fe2O3 1.35 0.61 0.44 0.45 0.52 0.51 0.67 0.57 0.58 0.61 0.59 0.57 0.75 0.63
MgO 0.56 0.61 0.53 0.54 0.55 0.52 0.58 0.49 0.52 0.53 0.53 0.50 0.62 0.54
Al2O3 1.19 0.79 0.61 0.64 0.67 0.63 0.94 0.77 0.80 0.73 0.79 0.78 0.90 0.79
CaO 41.41 44.24 45.34 44.46 45.56 45.67 44.78 45.45 45.13 44.98 45.25 45.69 44.98 44.84
MER 0.115 0.069 0.051 0.056 0.059 0.056 0.075 0.063 0.066 0.064 0.065 0.063 0.079 0.068
CaO/P2O5 1.54 1.53 1.47 1.53 1.56 1.54 1.54 1.55 1.56 1.54 1.55 1.56 1.57 1.54
P = Product MER = (Fe2O3+Al203+MgO) / P205 * weighted averages of the >28P, 28/100, 100/270 concentrate fractions

The -100#+270# fraction contains most of the silica (SiO2) which is removed by a single inverse flotation stage. Inverse flotation separates the undesired minerals by collecting them in a special froth which floats while the desired phosphate pellets sink and are removed from the bottom of the flotation cell. This process produces a concentrate, again depending on the bed, containing from about 27% to nearly 30% P2O5 (Float P in Table)

P2O5 recoveries were excellent, averaging 81% for all beds, ranging from 64% in PH08 to 93% in PH03. Low levels of minor compounds MgO and FeO, along with low MER and CaO / P2O5 ratios, will render the Bayovar 12 suitable for use in producing phosphoric acid and high analysis fertilizers such as DAP and MAP.

The remaining testwork to be completed consists of dilution studies and final concentrate characterization. A final report is expected in March 2015.

The test results are preliminary in nature. Future work will include variability testing and pilot plant studies. Furthermore, preliminary tests indicate that recent advances in reagent chemistry could result in improved grade and recovery. Further testing in that area may be warranted.

Second Phase Resource Drilling

Drill permits for a second phase drill program have been received from the Peruvian authorities. The objective of the program is to increase the confidence category of a portion of the existing Inferred and Indicated Resources to Measured category, and expand the resource in the area of least cover in the eastern end of the drill grid. A total of 40 or so holes are planned across the expanded grid which should commence during Q2 2015.

Production of Direct Application Phosphate Rock (DAPR)

Extensive research carried out on Bayovar rock phosphate (known in the industry as Sechura Phosphate Rock or "SPR") by the New Zealand government, the International Fertilizer Development Centre and other organizations, has highlighted that SPR is one of the most reactive phosphate rocks in the world. It is known in the fertilizer industry for its very high reactivity and P2O5 solubility and resultant phosphate yields.

The very high solubility in slightly acidic soils means SPR is suitable for use as a direct application fertilizer. Small scale mining is also taking place close to Focus' concession, producing a 22-24% P2O5 concentrate with only minimal processing and upgrading, and without the use of chemicals, making it suitable for use as a certified organic fertilizer. Certified "organic" fertilizer generally commands a premium price in Latin American and North American markets, and Focus has commissioned Integer Research to carry out a market study on the use of DAPR in North and South America as part of this work.

Management attended several international fertilizer industry conferences for meetings with phosphate consumers, traders and shipping companies interested in Bayovar 12 as a future supply of rock phosphate.

PDAC

Focus's senior management will be attending this year's PDAC conference, March 1-4 at the Metro Convention Centre in Toronto. The Company will be exhibiting core from Bayovar12 in the core shack (Booth 9N) on Sunday and Monday, March 1st and 2nd and will be at booth 3014 for all four days of the convention.

Qualified Person

The scientific and technical information in this release were prepared under the supervision of David Cass, Focus's President, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a Qualified Person in accordance with National Instrument 43-101. The results of the metallurgical testwork given in this release are an accurate summary of the information received from Jacobs.

The metallurgical testwork program is being supervised by Mr. Glenn Gruber, an advisor to Focus, and a renowned expert in phosphate beneficiation.

About Focus

Phosphate rock is a raw material for fertilizers and vital to world food production. Focus is acquiring and developing quality phosphate projects in Latin America where the discovery and development of new deposits is becoming increasingly important given the growing demand and limited local supply of phosphate for fertilizer production. For further information, please call 604-630-5544 or visit our web site www.focusventuresltd.com.

ON BEHALF OF THE BOARD

Ralph Rushton, Director

Symbol: TSXV-FCV

Shares Issued: 76.8-million

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements and include, without limitation, statements about the Company's Bayovar 12 property. Often, but not always, these forward looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company's quarterly and annual filings with securities regulators and available under the Company's profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company's stated goals and planned exploration and development activities for the Bayovar 12 project will be achieved; and that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.

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Focus Ventures Ltd

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Focus Ventures est une société d’exploration minière basée au Canada.

Focus Ventures est productrice d'argent et d'or au Perou, en développement de projets d'argent et d'or au Perou.

Son principal projet en production est NUEVA CALIFORNIA au Perou, son principal projet en développement est CHÚCARA au Perou et son principal projet en exploration est MINAS CHANCA au Perou.

Focus Ventures est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,6 millions CA$ (3,6 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 22 janvier 2010 à 1,38 CA$, et son plus bas niveau récent le 20 avril 2018 à 0,02 CA$.

Focus Ventures possède 231 740 000 actions en circulation.

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Rapports annuels de Focus Ventures Ltd
2008 annual report
Financements de Focus Ventures Ltd
16/10/2013Increases Private Placement to $1.5M
02/10/2013Arranges $1.2M Private Placement
Projets de Focus Ventures Ltd
16/03/2011(Chúcara)Announces Remaining Chúcara Drill Results
17/02/2011(Chúcara). - Exploration Update
Communiqués de Presse de Focus Ventures Ltd
25/07/2016Focus Completes Credit Facility Extension
14/07/2016Focus to Extend Credit Facility
11/07/2016Focus Completes Private Placement
05/07/2016Focus Files Updated PFS Technical Report
15/06/2016Focus Increases Private Placement
01/06/2016Focus Announces Proposed Private Placement
17/05/2016Focus Ventures Conference Call Details
16/05/2016Focus Delivers Pre-Feasibility Update for Bayovar 12 Phospha...
21/04/2016Bayovar 12 Project Update Pending; Jeff Franzen Joins Team a...
06/04/2016Focus Completes Private Placement
22/03/2016Focus Provides Update on Bayovar12 Phosphate Project, Peru a...
05/01/2016Focus Announces Positive Prefeasibility Study for Bayovar12 ...
30/12/2015Focus Delivers Bayovar 12 Prefeasibility Study to Joint Vent...
26/10/2015ELYSEE Subscribes for 6.0 Million Units of Focus Ventures Lt...
19/10/2015Focus Clarifies Private Placement Warrant Terms
19/10/2015Focus Proposes $2.0 Million Private Placement
06/10/2015Focus Files Updated NI 43-101 Technical Report for Expanded ...
21/09/2015Focus Ventures Provides Update on Bayovar 12 Phosphate Proje...
25/08/2015Focus Ventures Engages Fertilizer Expert Dr. Bert Quin
20/08/2015Focus Delivers Updated and Expanded Resource for Bayovar 12 ...
19/08/2015Focus Delivers Updated and Expanded Resource for Bayovar 12 ...
27/07/2015Focus Upgrades Bayovar 12 Phosphate PEA to Pre-Feasibility S...
16/04/2015Focus Completes Sale of Royalty on Bayovar 12 Phosphate Proj...
16/04/2015Radius Completes Purchase of Royalty on Bayovar 12 Phosphate...
14/04/2015Focus Initiates Phase 2 Drilling at its Bayovar 12 Phosphate...
09/04/2015Focus Proposes CAD$3.0 Million Private Placement
09/04/2015Proposes CAD$3.0 Million Private Placement
30/03/2015Focus Completes 70% Purchase of JPQ, Owner of Bayovar 12 Pho...
30/03/2015Completes 70% Purchase of JPQ, Owner of Bayovar 12 Phosphate...
27/03/2015Focus to Extend Warrants
10/03/2015Focus Accelerates Purchase of 70% of JPQ, Owners of Bayovar ...
10/03/2015Radius Gold Acquires Option on Margarita Silver Property, Me...
10/03/2015Accelerates Purchase of 70% of JPQ, Owners of Bayovar 12 Pho...
02/03/2015Focus's Bayovar 12 Phosphate Project Yields Positive Metallu...
02/03/2015Focus' Bayovar 12 Phosphate Project Yields Positive Metallur...
23/01/2015Focus Ventures Ltd.'s President and Director Are Interviewed...
27/10/2014Focus Files NI 43-101 Technical Report on Bayovar 12
23/10/2014Focus Signs Joint Venture Agreement with Daewoo Internationa...
16/10/2014Focus Commences Bayovar 12 PEA and Provides Update
09/09/2014Focus Selects Engineering Consultants for Bayovar 12 Prelimi...
08/09/2014Focus Delivers Initial Resource Estimate for Bayovar 12, Per...
05/08/2014Focus Receives $971,000 from Exercise of Warrants
28/07/2014Focus Drills Phosphate Over 6.4 km2 at Bayovar 12, Peru; Res...
24/06/2014Focus Reports More Phosphate Drill Assays From Bayovar 12, P...
16/06/2014Focus Reports Further Phosphate Drill Assays at Bayovar 12, ...
09/06/2014Focus Appoints Timothy S. Oliver as Director of Projects
21/05/2014Focus Accelerates Warrant Expiry
20/05/2014Focus Receives First Drill Assays from Bayovar 12; Contracts...
14/04/2014Focus Closes $1.25 Million Private Placement
26/10/2013Shareholder Update
25/10/2013and Stonegate Announce that Focus has Acquired an Option to ...
16/09/2013Terminates Reventon Option
10/09/2013Acquires Phosphate Project in the Bayovar District, Peru
29/07/2013acquires new phosphate claims in Colombia
26/06/2013Options its Aurora Copper-Moly Project, Peru
21/05/2013and Stonegate Enter Into Letter of Intent for Focus to Acqui...
01/05/2013Starts Drilling at Reventon
11/03/2013Confirms Historical Drill Assays at Aurora and Samples 18.8 ...
16/02/2013. - Clarification of Technical Disclosure
16/01/2013Geophysical Survey in Peru Outlines Potential Size of the Au...
30/10/2012Makes New Discovery at Reventon: 98 g/t Ag over 24m in Trenc...
11/10/2012Exploration at Reventon Outlines 1,300m x 500m Silver-in-Soi...
25/09/2012and Northair Sign Definitive Agreement for El Reventon, Mexi...
13/07/2011Commences Drilling at Santa Rosa
27/06/2011Receives its Santa Rosa Drill Permit; Drilling to Commence i...
08/06/2011Provides Peru Exploration Update
19/04/2011Samples High Grade Silver at Santa Rosa, Peru - 5.9m grading...
10/03/2011Samples 14.6% Zn + 76g/t Ag over 11.3m at Santa Rosa, Peru
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