MBAC Fertilizer Corp. (TSX:MBC,OTCQX:MBCFF) announced a resource estimate on its Araxá Rare Earth project in Brazil.

As quoted in the press release:

The inferred mineral resource estimate comprises 2.7M tonnes with an average total REO (“TREO”) content of 8.39% (using a 6% TREO cut-off) and an average of 1.4% Nb₂O₅ and 9.9% P₂O_5.

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