No Data Available
Avenira Limited (AEV)
is a publicly listed company on the Australian Securities Exchange (ASX).
About Avenira Limited
In French, avenir means “future”, and Avenira is investing in the world’s future, aiming to provide solutions to some of the critical issues that will be facing the world in the coming decades. Population growth, improving diets and resultant food security needs will be key challenges that society will need to meet. Arable land per capita is decreasing and cannot shoulder the burden, hence fertilizers will be ever increasingly required to maximize agricultural yields and efficiency. Avenira is currently focussed on phosphate, one of the most important fertilizer nutrients.
In the near term, Avenira is prioritising the Baobab Phosphate Project, located in the Republic of Sénégal, 145km East of Dakar. Baobab will use existing infrastructure, a simple and well established mining and processing method, and has non-binding offtake MoU’s exceeding planned annual production. All approvals and licenses, including a Small Mine Permit (SMP), are in place, along with an early stage Indicated Resource. Baobab is expected to generate positive cash-flow from production, which is forecast to begin in the second half of 2016.
In the long term, there is considerable potential for growth once JDCPhosphate’s Improved Hard Process (IHP) proves commercially viable. This will allow the Wonarah Project in Australia to produce very high quality superphosphoric acid and offer the opportunity to utilise IHP in the Baobab Phosphate Project. Avenira owns c.8% of JDCPhosphate and holds exclusive licenses to utilise IHP within Australia and Sénégal.
To develop a portfolio of agricultural minerals and production assets that will build long term shareholder value by supplying the agricultural nutrients needed to help address a fundamental issue of global food security.
To become a major contributor to the world nutrient market through the development of a carefully selected portfolio of valuable phosphate and other nutrient projects.
Avenira’s 100% owned, flagship asset is the Baobab Phosphate Project located in the Republic of Sénégal. The Company is rapidly advancing this project towards production.
Following project acquisition in September 2015, Avenira has gained final environmental approval, completed further drilling activity to upgrade the project resource, attracted equity funding and made significant progress on securing offtake agreements and project engineering.
First production is targeted for the 2nd half of 2016.
Avenira has been involved with the Baobab Project, in conjunction with Agrifos, since 2014. Agrifos originally launched the project in 2011.
A Small Mine Permit (SMP) was granted for the Project in May 2015, and Avenira subsequently acquired 100% of the Project from Agrifos in September 2015.
Since then, the Project has achieved a number of key milestones including Environmental Impact Study and Community Support and Relocation Plan approval, leading to a positive Decision to Mine in November 2015.
Wonarah (Avenira – 100%)
The Wonarah Phosphate Project, located in the Northern Territory, is one of the largest known phosphate deposits in Australia.
The project is part of Avenira’s long-term strategy, and requires an enabling technology, such as the IHP Process, to be commercially viable.
Wonarah currently has a large resource:
- Measured and indicated resource 300Mt @ 18.2% P2O5 (10% cut off)
- Inferred Resource 542Mt @ 18.0% P2O5
Avenira strongly believes that Wonarah has the potential to become a major centre for the production of superphosphoric acid. Wonarah is planned to be right sized for IHP production during 2016.
Wonarah Phosphate Project advantages, apart from its size and grade, include:
- Situated in a stable political jurisdiction
- Northern Territory Government support and designation as a Major Project
- Mining Agreement in place with Traditional Owners which covers mining, processing and fertiliser production
- Close proximity to the regional centre at Tennant Creek
- Access to an established bulk commodity port at Darwin
- Bitumen highway access via the Barkley Highway
- Proximity to a standard gauge railway with spare freight capacity
- Proximity to a natural gas supply, the pipeline for which closely follows the railway line
- Proximity to ample groundwater
- Silica available on site and petroleum coke (required as inputs to the IHP Process) readily available nearby
- Low holding costs allow project to be maintained until commercialisation is possible
20 Kings Park Road
West Perth, WA
+61 8 9264 7000
Fax: +61 8 9264 7099
The General Overview, Services, Products and Projects information for this profile was last edited on 12 Jan 2016.