Great Quest Renews Permits to Advance Tilemsi Phosphate Project
September 2, 2014 (Source: Marketwired) — Great Quest Fertilizer Ltd (“the Company”) (TSX VENTURE: GQ) (FRANKFURT: GQM) is pleased to report the renewal of the phosphate exploration permits for its Tarkint Est and Tilemsi claim areas. The Tilemsi phosphate project is composed of Tarkint Est, Tilemsi and Aderfoul exploration permits. The 2 renewed permits are valid for 2 years and subject to be renewed once for 2 more years. The Aderfoul permit was received after Tarkint Est and Tilemsi, and as such has not come up for renewal. Malian Mining law allows for regular renewal of exploration concession permits, given satisfactory work has been undertaken during the preceding period.
Commenting, Jed Richardson, President & CEO, said “With these renewals in hand, the company will continue work and carry out the necessary procedures to advance towards a mining exploitation permit, with a view to achieving small scale production in 2015.”
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Great Quest also announces the filing of its second quarter 2014 Financial Statements and MD&A on SEDAR, and the resignation of Mr. Abdoulaye Pona from the Board of its Mali subsidiary, Great Quest Mali S.A. Mr. Pona’s resignation will allow him time to deal with his mining and other business commitments and his company, Mali Mining House S.A. will continue to hold a carried net profits interest in the Tilemsi mining project. The Company thanks Mr. Pona for his valuable contribution to this project.
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.
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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