DuSolo Fertilizers (TSX VENTURE:DSF) (“DuSolo” or “the Company”) is very pleased to announce that it has received final approval of its new Guia de Utilização (“GUIA”) issued by the National Department for Mineral Production (“DNPM”), and has re-started extraction of phosphate rock from its Direct Application Natural Fertilizer (“DANF”) Santiago Project in Tocantins State, Brazil (“Santiago Project”).
The Company has also received approval of its Final Exploration Report for the Santiago Project, allowing it to complete its application for various permanent production licences.
The new GUIA has the following terms:
- Permission to extract up to 200,000 tonnes of phosphate mineralization by 30 May, 2018 (previously 100,000 tonnes per annum (“tpa”)).
- Final Exploration Report approved – paving the way for the Company to complete the application for its permanent mining and environmental licences.
- GUIA application can be renewed annually until the permanent licences are received.