KORAB's operations focus on turning our mining projects into cash producing assets.

Mining

GeolSec Phosphate Operations in the Northern Territory

Phosphate rock project located just 30 minutes drive from Darwin suburbs. The project is being developed as a supplier of organic fertiliser with the first year production target of 15,000 tones, for a pre-tax profit of $5.5 million. Korab is aiming to have the project in operation by 2010, subject to receiving all permits and approvals.

Winchester magnesium project in the Northern Territory

Winchester project is located next to GeolSec phosphate rock project just 30 minutes drive from suburbs of Darwin. Winchester is one of the highest grade magnesite deposits globally averaging 91% of MgCO3. The project has passed the bankable feasibility study and pilot plant testing stage and is ready to move into development stage. The project has 16.6 million tones of ore, which is sufficient for a 25 year mine life at a magnesium metal production target of 50,000 tones per annum and at a low operating cost.

Geolsec phosphate rock deposit cross section

Winchester magnesium project at Batchelor in NT
75 km south from Darwin