Plains Creek Phosphate

 

Plains Creek Phosphate Corp.

TSX Venture Exchange:PCP

Company Description
Plains Creek Phosphate Corporation is a Canadian mining and exploration company that is focused on developing the Farim Phosphate Project located in Guinea-Bissau, West Africa. The project is a world class, high quality, development phosphate deposit containing a measured resource of 69 million tonnes at 29.9% P2O5 and indicated resource of 15 million tonnes at 30.1% P2O5 (for a total measured and indicated resource of 83.8 million tonnes) and another 43.6 million tonnes of inferred resources at 29.8% P2O5 for a 25 year mining plan of 68 million tonnes at 29.9% P2O5, as disclosed in the Company’s NI 43-101 Preliminary Economic Assessment dated February 10, 2011 filed under the Company’s profile on SEDAR at www.sedar.com. The Company is currently undertaking a Definitive Feasibility Study and has been granted a Production License from the Government of Guinea Bissau to pursue a strategy towards production of 2 million tonnes per annum of phosphate rock for a minimum of 25 years starting in 2013. Estimated capital costs are US$300 million and operating costs are US$60 per tonne. Plains Creek Phosphate Corp. shares are listed on the TSX Venture Exchange under the symbol “PCP”.

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Company Spotlight: Plains Creek Phosphate