Mining Weekly reported that MBAC Fertilizer Corp. (TSX:MBC) said its Araxá project returned a resource estimate of 6.34-million tons TREO.

As quoted in the market news:

Using a cutoff grade of 2%, the National Instrument 43-101-compliant combined resource comprises 8.4% phosphorus pentoxide (P₂O₅) and 1.02% niobium pentoxide (Nb₂O₅).

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