Great Quest Announces a New Partnership With the Aga Khan Development Network
July 23, 2014 (Source: Marketwired) — Great Quest Fertilizer Ltd (TSX VENTURE:GQ)(FRANKFURT:GQM) (“the Company”) is pleased to report the commencement of second year demonstrations of the company’s direct application phosphate project. Work continues with government partner the institut pour economique Developpment (“IER”) a division of Mali’s ministry of Agriculture. In addition, Great Quest welcomes new partner the Aga Khan Development Network (“AKDN”). The company’s fertilizer is being applied in the field this month.
Great Quest has provided quantities of our proposed products to farmers that are part of the AKF agricultural development program in the Mopti region of Mali. Farmers of millet, corn, sorghum, peanuts and peas will be given an opportunity to use our product alongside other products and measure it’s efficacy.
Great Quest has produced 7 tonnes of fertilizer products using facilities in South Africa, for demonstrations in Mali:
– Complex granule GQ 35% phosphate with nitrogen and potash (15:15:15)
– Complex granule special cotton blend GQ 35% with nitrogen, potash, sulfur and boron (14:15:15:6:1)
– Granulated GQ 35% direct application
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– Granulated GQ 27% direct application
With IER the product will be used on corn, cotton, peanuts, millet, sorghum and rice. Product will be retained and applied on off season crops in January, lettuce, carrots, onions and tomatoes. These crops use large quantities of fertilizer and offer a good opportunity to balance cash flows through the year for our planned manufacturing facility. In a repeat of our efforts last year demonstrations will be performed in all of the major agricultural climatic regions. New this year we will perform demonstrations in the Northern regions of Timbuktu and Gao.
Great Quest has provided quantities of our proposed products to farmers that are part of the AKDN agricultural development program in the Mopti region of Mali. Farmers of millet, corn, sorghum, peanuts and peas will be given an opportunity to use our product alongside other products and measure it’s efficacy.
Commenting, Jed Richardson President and CEO, “The company’s business plan focuses on delivering product to a large well capitalized West African fertilizer consumers and distributors. However, through partnerships with development organizations like the Aga Khan Development Network, Great Quest can gain direct access to small farmers to develop the market and create access for our products.”
Aga Khan Development Network (AKDN)
The AKDN is world renowned organization with a three pronged view of development, cultural, economic and educational. In Mali the AKDN has completed notable projects such as the construction of the national zoo and restoration of the Great Mosque in Timbuktu and Djenné. The AKDN is noted for their business minded approach to development.”
About Great Quest
Great Quest Fertilizer Ltd. is a Canadian mineral exploration company focused on the development of African agricultural mineral projects for local production of farm ready fertilizers. The Company’s flagship asset is the Tilemsi Phosphate Project, encompassing 1,206 km² in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ, and the Frankfurt Stock Exchange under the symbol GQM.
ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST FERTILIZER LTD.
Jed Richardson, President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. The statements that are not historical facts and are forward-looking statements involving known and unknown risks and uncertainties could cause actual results to vary materially from the targeted results. We seek safe harbor.
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