MBAC files Technical Report on the Araxa Rare Earth Oxide-Phosphate-Niobium Project
TSX: MBC OTCQX: MBCFF Shares Outstanding: 110,926,614 Fully Diluted: 120,044,030
TORONTO, June 27, 2012 /PRNewswire/ – MBAC Fertilizer Corp. (“MBAC” or the “Company”) (TSX: MBC) (OTCQX:
MBCFF) announced that it has filed a technical report pursuant to National
Instrument 43-101, entitled “Mineral Resource Estimate – AraxÃ¡ Rare
Earth Oxide-Phosphate-Niobium Project, Minas Gerais State, Brazil” (the
“Technical Report“) with Canadian securities regulators, pursuant to the Company’s news
release dated June 19, 2012.
The Technical Report dated effective June 1, 2012 was prepared by
Bradley Ackroyd, BSc (Geo) MAIG, Consulting Geologist of Andes Mining
Services Ltd. The Technical Report is available at www.sedar.com.
MBAC is focused on becoming a significant integrated producer of
phosphate and potash fertilizers in the Brazilian and Latin American
markets. MBAC has an experienced team with over 150 years of combined
experience in the business of fertilizer operations, management,
marketing and finance within Brazil. In October 2008, MBAC acquired
ItafÃ³s MineraÃ§Ã£o Ltda, which consisted of a phosphate mine, a mill and
plant and related infrastructure, all located in central Brazil. MBAC’s
exploration portfolio includes a number of additional exciting
phosphate and potash projects, which are also located in Brazil. The
Santana Phosphate project is a high grade phosphate deposit located in
close proximity to the largest fertilizer market of Mato Grosso State
and animal feed market of ParÃ¡ State. The Company continues to search
for additional fertilizer opportunities in the Brazilian and other
Latin-American markets, where strong agricultural fundamentals and
unique opportunities are expected to provide attractive growth
opportunities in the near future. Further information on MBAC can be
found on the Company’s website at www.mbacfert.com and on SEDAR at www.sedar.com.
Vice Chairman & Chief Executive Officer
SOURCE MBAC Fertilizer Corp.