Business
Centurion Reports Agri-Gypsum Fertilizer Orders and Sales
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2018) - Centurion Minerals Ltd. (TSXV:...
About this update from Centurion Minerals Ltd.
[{"type":"text","content":"Centurion Reports Agri-Gypsum Fertilizer Orders and SalesVancouver, British Columbia--(Newsfile Corp. - June 25, 2018) - Centurion Minerals Ltd. (TSXV: CTN) (\"Centurion\", or the \"Company\") is pleased to announce that its operating partner (\"Demetra Fertilizantes S.A.\") has received new purchase orders for 2,000 tonnes of agri-gypsum material to be delivered from the Ana Sofia, Argentina, project to an Argentine distributor. The orders consist of both a premium granular and powder material. The Company has sold and shipped approximately 500 tonnes of agri-gypsum material during the first 2 weeks of June. This material has been primarily a blended powder which consists mostly of inventory that was abandoned by a previous operator of one of the Ana Sofia concessions. \"Our operating team has been very successful in generating sales from this blended material that cost us very little to prepare, is generating a good margin and has lead to additional purchase orders of premium grade materials. Our near-term objective is to continue to scale-up operations to reach the processing plant's design capacity,\" stated David Tafel, Centurion's CEO. ABOUT THE ANA SOFIA PROJECTThe Project includes an agri-gypsum mine and complete processing facility having a current design capacity of 4,000 tonnes/month. Gypsum is extracted from near-surface, flat-lying beds within the sedimentary formation that extends throughout the Ana Sofia Property, located in Santiago del Estero Province, Argentina. The gypsum rock is fed into primary and secondary crushers, then screened and sorted into two agri-gypsum fertilizer products. The plant is designed to produce a pellet-sized granular product and a fine powder product (comprised of a minimum 85% gypsum content) that are each packaged into one tonne tote bags. Agricultural gypsum (calcium sulfate dihydrate) is a valuable plant nutrient and plays a vital role in maintaining soil structure and nutrient balance in South American soils, resulting in enhanced crop yields. The Project comprises two mining concessions totalling 50 hectares (ha) in size within a larger (approximately 600 ha) exploration permit area. The Project is well situated within a region where other small producers are currently extracting agricultural gypsum and selling to fertilizer distributors and farmers. An initial inferred gypsum re...