Mantle Mining Corporation has been granted Exploration Licence EL 27035 for an initial six year period.
This new tenement is immediately adjacent to the Company’s existing Phosphate tenements in the Georgina Basin of the Northern Territory.
The Company has also received a Notice of Proposed Grant of Exploration Licence EL 27037.
With these grants the Company will move to control 5,387 km2 of ground highly prospective for Phosphate Rock.
Mantle’s tenements are strategically located centrally between Minemaker’s Wonarah deposit, which contains an estimate of 72Mt @ 23% P2O5, and Phosphate Australia’s Highland Plains West deposit, which contains an historic estimate of 82.6Mt @ 20% P2O5.
The Alexandria, Alroy and Buchanan Dam phosphate occurrences also sit nearby Mantle’s project area.
Mantle is targeting the Primary Marine Deposit style of phosphate mineralisation.
The phosphate deposits in the Georgina Basin are said to occur in relation to either the Wonarah Limestone or Camooweal Dolomite source rocks. Both source rocks occur across substantial portions of Mantle’s tenements.