Focus Ventures, a Canadian-listed exploration company, is developing the Bayovar12 sedimentary phosphate project in northern Peru. The project is located close to existing port facilities and power, within one of the fastest growing fertilizer markets in the world.
Phosphate is a vital nutrient and a key input in modern farming. Management's vision is to build Focus into a world leader in the production of direct application phosphate rock, serving high-demand markets throughout the world and contributing to the improvement of farm yields and sustainable agriculture.
In May 2016 Focus published a restated Pre-feasibility Study for production of 1MT per year of phosphate rock concentrate grading 24 - 28% P205. The Study anticipates the open pit operation would generate a NPV of $458 million (7.5% discount rate) and a 26.3% IRR, with a payback of 3.9 years.
Natural, direct application phosphate rock contains no added chemicals and is absorbed into the earth more efficiently and safely than processed fertilizers, saving farmers money, providing better yields and helping to minimize environmental impacts.