AKD releases phosphate resource estimate

JUNIOR explorer AKD announced late last month joint venture partner Rio Tinto has estimated an inferred mineral resource of 115 million tonnes grading 22% P2O5 for the Wonarah phosphate deposit near Tenant Creek in the Northern Territory.

"Beneficiation test work on the phosphate ore to date is encouraging and shows potential for the production of an acceptable fertiliser product," the company said in a statement.