Korab Resources (KOR), an Australian resource development and exploration company is very pleased to advise that Korab and it’s wholly owned subsidiary Geolsec Phosphate Operations P/L have been approached by a major trading house in relation to securing off-take agreements for supply of 150,000 tonnes per annum of Geolsec Organic Phosphate. The company seeking to secure the 150,000 tpa off-take from Geolsec is one of the largest Japanese general trading companies (sōgō shōsha) with an annual turnover of US$129 Billion and with interests in food products, food materials, forest products, chemicals, energy, metals, minerals, power, infrastructure, finance, logistics, IT business, transportation, plant & industrial machinery and real estate. The second aim of their approach to Korab is to explore potential for a partnership to develop and/or expand Korab’s Batchelor project’s production capacity.
Korab Resources Ltd is an Australian mining and exploration company based in Perth with operations in Australia and Europe. Korab’s quarrying and mining projects include rock phosphate and magnesium. The company also manages polymetallic exploration projects at Ashburton Downs and Tucker Creek in Western Australia and at Rum Jungle in the Northern Territory.