Minbos Resources Limited (ASX:MNB) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola. Through its subsidiaries and joint ventures, the Company is exploring over 200,000ha of highly prospective ground hosting phosphate bearing sediments. Minbos is currently focussing on the development of the high grade Cacata deposit that forms part of the Cabinda Project.
On completion of the merger with Petril Phosphates Ltd (Petril) Minbos will have three (3) phosphates projects in Angola. In addition to holding 100% of the Cabinda Project, the Company will also add to its portfolio the Lucunga and Pedra de Feitico projects in the Zaire Province of Northern Angola.
The Company’s strategy is to specifically target the exploration and development of low cost fertiliser-based commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products.