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Bayovar12 Reactive Phosphate Rock

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STUDY RECOMMENDATIONS<br />

Many significant opportunities recognized in the study to improve OPEX & CAPEX<br />

OPEX<br />

- Review the mine plan and production schedule to…<br />

- Reduce waste haulage distances and ex-pit storage<br />

- Provide in-pit backfill opportunities earlier in the mine life<br />

- Achieve nameplate production capacity earlier for both lines<br />

- Additional metallurgical studies to further improve beneficiation process<br />

- Drilling and definition of Reserves to north and north-east<br />

CAPEX<br />

- Source used & new equipment locally, infrastructure power and pipeline<br />

- Cost sharing opportunities with adjacent projects<br />

- Relocation of road and TSF<br />

<strong>Bayovar12</strong> <strong>Reactive</strong> <strong>Phosphate</strong> <strong>Rock</strong><br />

February 2016<br />

27

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