Chatham Rock Phosphate Ltd

Chatham Rock Phosphate Ltd. engages in the exploration and development of defined phosphate deposits. The company is focused on the development of a marine phosphorite deposit off the coast of New Zealand. The company holds a Mining Permit over an area off the coast of New Zealand with seabed deposits of rock phosphate, rare earths and other potentially valuable minerals. Its Chatham Rise Project covers an area of seabed phosphorite nodules that is situated about 450 kilometers (km) offshore of the east coast of New Zealand at approximately 350 to 450 meters (m) water depth. Its Makatea Phosphate Project is a combined rehabilitation and phosphate mining project located on Makatea Island approximately 240km northeast of Tahiti, French Polynesia. The company covers an area of over 1,035 hectares (10.36 km2). Korella North EPM 28589 provides a near surface phosphate deposit, some 22 m thick, with low-cost entry to commence mining. Korella South EPM 28187 lies to the south and east of ML 90209.