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Great Quest Metals Ltd. (GQ.V) has announced their plans to develop a natural phosphate product for sale at their West African Tilemsi Phosphate Project.
Recent metallurgical results indicate economic potential for a phosphate product at Tilemsi, the company now plans to move forward and complete a preliminary economi assessment (PEA). The PEA will look to quanitfy capital costs, operating costs, and analyze the phosphate market for potential products.
Commenting, Joel Jeangrand, CEO of Great Quest Metals, said, “We believe the natural phosphate product is low hanging fruit for the Company. A low capex, low operating cost opportunity offers the potential for a quick path to production. We hope to demonstrate that with a PEA. Given the size of the exploration target and the quality of the rock, the Company will also pursue strategies to sell phosphate rock on the international market.”
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