Fernie Project (100% owned)
The Fernie project (which includes the Marten, Barnes Lake, Crows Nest and Mt. Lyne) is located near Sparwood in British Columbia Canada. The total area covers 6,274 ha.
The tenements are within 40km of each other and are in close proximity to the operating East Kootenay coalfield which is serviced by the established mining communities in the region.
At the door step of the project is the existing road and rail transport links to the west coast ports of Canada, as well as the North American arterial rail and road networks. Previous exploration work has highlighted the presence of widespread, shallow phosphate-bearing sediments associated with the base of the Jurassic-aged Fernie Formation.
In July 2014, Fertoz received approval to extract a phosphate bulk sample of up to 10,000 tonnes from Fernie (Marten tenements). Fertoz extracted approximately 1,000 tonnes in its first phase of activity and has subsequently issued a further plan of works to allow it to extract additional material under its bulk sample permit.
On April 2016, Fertoz added 2,453 ha of land prospective for direct application phosphate to the Fernie Project. Historical exploration reports covering Mt Lyne suggest the property is highly prospective with potential for magnitude and phosphate grades that are similar to the Company’s existing Crows Nest/Marten/Barnes Lake properties. When added to the Company’s existing Fernie project, the potential strike length of the phosphate-bearing horizon within the Company’s tenements now exceeds 25km.
The south-eastern region of British Columbia is shaping up to be an important area for the Company, with numerous third party organic fertiliser manufacturers and users in the region, including large farming operations in South Western Alberta, Oregon, Washington State, Montana and Idaho. The infrastructure in the region is well developed and facilitates fast and efficient delivery of product.