Focus has built a portfolio of quality phosphate projects in Peru and Colombia. Phosphate is one of the three primary nutrients used in the manufacture of fertilizers. Along with potash (KCl) and nitrogen, it helps to ensure long term food production security across the globe. With the rapid growth in the agricultural economy of Latin America, fertilizer consumption on the continent is forecast to expand and access to new phosphate deposits will become increasingly important to the region's fertilizer manufacturers. Peru currently consumes almost 350,000 tonnes of fertilizer per year and demand is increasing. But, despite production from the large-scale Bayóvar phosphate mine in the Sechura desert, which has been in operation since 2010, Peru is still reliant on phosphate imports to satisfy demand.
Focus has 4 phosphate projects in Peru: Bayovar 12, Quebranta, Machay, and Mantaro. In Colombia the company has an option on the Maria Luisa phosphate property in Boyacá and a strategic agreement with a local company to acquire additional projects throughout the country. All 5 projects are hosted in sedimentary rocks.
- The Bayovar 12 concession, in the Sechura basin of northern Peru, is adjacent to Vale's Bayovar phosphate mine. Focus plans to begin resource drilling in early 2014.
- The Quebranta project in southern Peru is geologically similar to Bayovar 12 but at a much earlier stage. Some initial sampling has been completed.
- Focus has an option to acquire 70% of the Stonegate Agricom's Mantaro phosphate rock project in central Peru.
- At Mantaro, Focus has staked a number of concessions covering the strike extension of the units hosting Machay.
- In Colombia, Focus has optioned the Maria Luisa property located in the Department of Boyaca, near Bogota. Sampling by Focus has identified at least 2 high grade phosphorite beds.
For more detail, please click on the relevant project link on the map or the blue project button below it.