BDO prepares Phosphate International​ for operations

Project description

Phosphate International is an early-stage venture seeking to mine phosphate in the North-West Minerals province.​​

It holds options and leases on several tenements in the province, both for low-grade Phosphate suitable for export and processing into traditional fertiliser products such as Urea and Super, and high grade phosphate which can be commercialised with minimal processing into organic fertiliser.​​

This project sought to resolve challenges around access, logistics, the operational model, the commercial model, and access to customers.​​

BDO's role

• Completing NAIF Applications through Stage 1 and Stage 2 of NAIF’s evaluation process​​
• Reviewing technical mining model​​
• Developing a financial and commercial model​​
• Liaising with Austrade and Trade Investment Queensland to conduct customer market sounding​​
• Reviewing logistics challenges and identifying options​​
• Provision of accounting advice (e.g. tax implications, depreciation)​.​

Project outcomes

• Demonstrated capability to provide financial and commercial advice for minerals extraction and processing projects​​
• Demonstrated understanding of the resources sector of Queensland.​