GRAND BLUE

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Throughout the extensive scientific research and engineering work, our team has identified the opportunity of potential upside for the Project Deep Blue.

Project Grand Blue represents the upside for the second phase of production of 6mta of phosphate rock.

Our engineering studies confirm a very low-cost production in comparison to peers.

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Phosphate rock (current price FOB US$104/t) is a finite non-renewable commodity used for the The RCR offshore operating model is based on a single harvesting and processing vessel which is possible because of the thickness of the Grand Blue phosphate deposits.

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The mineral resource is easily mineable with a conventional swell compensated point suction dredge operated from a floating platform. The footprint of a 6Mta production unit would not exceed 40 hectares per year with minimal environmental impact. In addition, the bulk mining operation is not impacted by any infrastructure bottlenecks (rail, port) and could easily relocate to a new mining area to maintain optimum productivity during the lifecycle of the operation.