Bifox is expanding its footprint to supply growing LATAM, US and Asian phosphate markets
Our view is that LATAM has never fully exploited the phosphate resources it has and has relied on imports and missed an opportunity to establish an export business
Bifox’s strategy is focused on the advancement and development of its phosphate project portfolio across Peru and Chile.
The Company’s approach includes:
- Progressing development activities at the Bayovar 9 Project
- Recommencing production activities at the Selaqueos Project
- Continuing technical and exploration evaluation at the Chañaral Project
- Assessing market opportunities for phosphate products
- Maintaining a disciplined and staged development approach
Bayovar 9 (Peru)
- 546 million tonne NI43101 compliant resouces
- 20 to 30 year estimated mine life
- Existing Bankable Feasible Study
- Precedent Environmental Permit (expired)
- Close to port, energy and tranport infrastructure
Selaqueos (Chile)
- Source of early cash flow, all staff/infrastructure in place
- Expansion opportunity with microbial blended fertilisers in development with LATAM agribusiness companies
Chañaral (Chile)
- Magnetometry survey completed
- Targeting JORC resource progressively increased over the next 12 month via drilling campaign
- Targeting 20 to 30 million tonne resource
- Igneous phosphate rock, uniquely applicable for LFP battery market
Phosphate is an important input for agricultural fertiliser production and is also used in a range of industrial applications.
Bifox continues to monitor long-term phosphate market conditions and evaluate opportunities associated with its project portfolio.
The Company’s operational priorities include:
- Responsible project development
- Technical and engineering assessment
- Operational planning
- Stakeholder and community engagement
- Environmental and regulatory management
- Disciplined capital allocation
The Company’s focus remains on the staged advancement of its phosphate projects and long-term operational development.