MBAC Fertilizer Corp. (TSX:MBC,OTCQX:MBCFF) announced updated phosphate and REE resource estimates for the Brazil-based Araxá project.

As quoted in the press release:

An independent mineral resource has been estimated for the Araxá Project comprising a combined measured and indicated mineral resource of 6.34 Mt at 5.01% TREO (using a 2% TREO cut-off), 8.40% P₂O₅ and 1.02% Nb₂O_5.

Click here for the MBAC Fertilizer Corp. (TSX:MBC) press release.