Bayovar12 Reactive Phosphate Rock

A WORLD CLASS RESOURCE
Focus’ drilling has defined a large sedimentary phosphate deposit at Bayovar12 containing hundreds of
millions of tonnes of phosphate rock.
Resources reported below are inclusive of tonnes converted to Reserves.
Resources * Tonnes (Mt, dry) P 2 O 5 %
Measured 17.7 13.16
Indicated 209.5 13.04
Inferred 102.2 13.11
Reserves Tonnes (Mt, dry) P 2 O 5 %
Proven 14.2
Probable 40.5
Total reserves 54.7 12.99
Notes: * No minimum thickness, grade cut-off or other mining parameters applied. Phosphorite bed specific wet and dry
relative densities used for tonnage calculations. Resources outside of the designed pit were not considered in the Reserves
estimation. Resources that have not been converted to Reserves have not undergone analysis to yet to demonstrate
economic viability and there is no guarantee that they will be viable. The Study assumes prices of US$145/tonne and
US$185/tonne on a dry basis used for Plant 1 and Plant 2 phosphate concentrate respectively.
Bayovar12 Reactive Phosphate Rock
February 2016
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