Chatham Rock Phosphate Limited (TSXV: NZP / NZSE: CRP / FSE: 3GRE) – Advancing Phosphate Fertilizer Projects In Oceania To Production

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Written by:
Chris Castle, 64 21 55 81 85 or chris@crpl.co.nz
Chief Executive Officet – Chatham Rock Phosphate Ltd
Web: www.rockphosphate.co.nz

Chatham Rock Phosphate Ltd recently announced that this analyst coverage is a significant advance for Chatham:

Chatham Rock Phosphate Limited (TSXV: NZP / NZSE: CRP / FSE: 3GRE) – Advancing Phosphate Fertilizer Projects in Oceania to Production – Resuming Coverage • Fundamental Research Corporation, researchfrc.com

A Near-Term Producer of Fertilizers in an Area Reliant on Imports

• We are resuming coverage on this company. Since our previous report in 2018, the company has expanded its portfolio by adding two phosphate properties. This company currently holds three phosphate properties.

• As New Zealand and Australia import most of its phosphate needs from Morocco/Russia/China, there is a strong need for domestic production.

• This company is aiming to advance the Korella project to production by Q4-2023, and the Makatea project by 2025. Although both projects do not have NI 43-101/JORC resource estimates, historic exploration indicates that both have potential for producing 250,000 tonnes per annum (Ktpa) of phosphate for 10+ years. These projects are also prospective for rare earth elements.

• Upcoming catalysts include permitting and production at Korella and Makatea.