Business
Centurion Announces 30% Increase in Orders of Agri-Mineral Materials
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2017) - Centurion Minerals Ltd. (...
About this update from Centurion Minerals Ltd.
[{"type":"text","content":"\nCenturion Announces 30% Increase in Orders of Agri-Mineral MaterialsVancouver, British Columbia--(Newsfile Corp. - February 28, 2017) - Centurion Minerals Ltd. (TSXV: CTN) (\"Centurion\", or the \"Company\") is pleased to announce that its local joint venture partner has successfully negotiated a new definitive supply contract (the \"Contract\") with a highly respected agri-mineral fertilizer distributor in Argentina. The Contract commits the Argentine distributor to purchasing a minimum of 12,500 tonnes of agri-gypsum material from the Company's Ana Sofia project in 2017, commencing in March. This represents a 30% increase in material orders for delivery in 2017. Centurion CEO, Mr. David Tafel comments, \"We are excited to add an additional Argentine agricultural distributor to our client list. This distributor has a solid history of selling agri-minerals in the country and their extensive testing and approval of our product is a testament to the quality of output at our Ana Sofia Project. Solidifying sales of an additional 12,500 tonnes of material further de-risks the project while continuing to validate the strong demand for agri-gypsum as a soil enhancement and fertilizer solution in South America.\"The Ana Sofia ProjectThe Company has an operating agri-gypsum pilot plant with a process design capacity of 4,000 tonnes/month. Gypsum is quarried from near-surface, flat-lying beds within the sedimentary formation that extends throughout the Ana Sofia Property. The gypsum rock is fed into a hopper leading to primary and secondary crushers, then screened and sorted into two agri-gypsum fertilizer products. The plant produces both a 2 - 4mm granular product and a powdered product (each having a minimum 85% gypsum content) that are packaged into one tonne tote bags. The Ana Sofia Project comprises two mining concessions totaling 50 hectares (ha) in size within a larger (approximately 600 ha) exploration permit area. The Project is well situated within a region where small producers are currently extracting agricultural gypsum and selling to fertilizer distributors and farmers. An initial inferred gypsum resource for the Project was estimated (news releases - October 31; December 16, 2016), to comprise 1.47 million tonnes averaging 94.1% gypsum, using an 85% cut-off grade that is the minimum required gypsum content for commercial...