First Phosphate Announces Significant Mineral Resource Estimate for Bégin-Lamarche Phosphate Deposit

Proactive - Interviews for investors

First Phosphate's CEO, John Passalacqua and Chief Geologist Gilles Laverdiere joined Steve Darling from Proactive to discuss the results of the company's initial Mineral Resource Estimate for the Bégin-Lamarche Phosphate Project, located in Quebec. The deposit is part of the vast Lac-Saint-Jean anorthosite suite (LSJAS), recognized as the largest phosphate-mineralized anorthosite formation globally. The estimate revealed that the Bégin-Lamarche Phosphate Deposit holds an Inferred pit-constrained Mineral Resource of 214.0 Mt at 6.01% phosphate and an Indicated pit-constrained Mineral Resource of 41.5 Mt at 6.49% phosphate. Metallurgical testing suggests an anticipated apatite concentrate grade of 40% P2O5 with an impressive 91% recovery rate. In addition to phosphate, the deposit offers the potential for recovering two other valuable mineral products: magnetite (iron) and ilmenite (titanium). The project has significant room for expansion, as it remains open at depth. First Phosphate is now focused on advancing the project toward a Preliminary Economic Assessment (PEA), expected later this year, which will pave the way for a Feasibility Study and potentially bring the project closer to production. This development marks a key milestone in the company’s growth and the future of phosphate production in Quebec. #proactiveinvestors #firstphosphatecorp #phosphate #BéginLamarcheproject #CEOInterview #CompanyUpdate #StrategicGrowth #SustainableMining #GreenApproach #Geology, #Mining, #PhosphateDrilling, #ResourceEstimate, #PEA, #MountainZone, #NorthZone, #SouthZone, #DrillProgramme, #MineralExploration, #HighGradePhosphate, #GeologicalSurvey, #MiningConsultants, #3DModel, #EconomicAssessment, #ProactiveNews, #GeologicalResources, #MineralDeposit, #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews