Korab Resources: Major Fertilizer Producer Confirms Geolsec Rock Suitable For Fertilizer Production

Korab Resources (ASX:KOR), together with its wholly owned subsidiary Geolsec Phosphate operations reported that they have received confirmation from a major chemical producer who had been conducting extensive tests on multiple samples of Geolsec rock that this rock would be suitable for production of Double Super Phosphate (SP36) and NPK.
As quoted in the press release:

The rock has also been shown to be highly reactive and suitable for direct application on pastures and farms in addition to the uses in production of chemical fertilisers.
Korab is further pleased to advise that it has received multiple expressions of interest for a supply of 80,000 tpa-90,000tpa in 3 separate transactions of 20,000tpa – 30,000tpa of various grades of Geolsec phosphate rock and one expression of interest for supply of 100,000tpa of Geolsec phosphate rock. The above expressions of interest, which in aggregate amount to up to 190,000tpa, are in addition to the 250,000 tonnes offtake reported on 12 November 2015.

As quoted in the press release.