The Minbos Resources Ltd (ASX: MNB) share price is rallying after the Australian-based phosphate miner provided an update on a multi-stakeholder event.
Minbos (ASX:MNB) lodges patents for phosphate rock fertiliser
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Minbos (MNB) has lodged an Australian provisional patent application for a new phosphate rock fertiliser blend from its Cabinda Phosphate Project in Angola
The provisional patent has the potential to produce a 100 per cent organic phosphate fertiliser using less reactive phosphate rocks than in previous productions
Minbos says its new blend will be trialled during the company’s 2021 and 2022 growing season through soil incubation tests, growth chamber trials and greenhouse trials
Company shares last traded at 6.4 cents on June 4
Minbos (MNB) has lodged an Australian provisional patent application for a new phosphate rock fertilizer blend from its Cabinda Phosphate Project in Angola.
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Minbos Resources (ASX:MNB) soars on mineral investment contract
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Shares in Minbos Resources (MNB) have spiked after the company executed the mineral investment contract for the Cabinda Phosphate Project
Under the contract, the company will explore and exploit phosphate rock within the Cabinda Phosphate Project’s concession area
The contract also formalises Minbos’ engagement with Angolan Government Ministries and the province of Cabinda
This will allow the company to complete approvals, access agreements, offtake agreements, and contracts for the Caio Granulation Plant
Minbos Resources is up 50 per cent, and is trading for $0.10 per share