(TSX: AMZ | OTC: AMHPF)
Amazon Mining is a mineral exploration and development company founded by Brazilians in 2005. The company is focused on the development of Cerrado Verde project. Cerrado Verde is source of a potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product. Amazon Mining is a UK public company with shares listed on the TSX Venture Exchange since November 2007. - from the Amazon Mining PLC web site
Highlights
- Deposit area of 100km by 6km
- Significant domestic market for potash
- Potash product uniquely suited for Brazil: free of "salts" and slow release
- CVRD land surrounds AMZ
- ArcelorMittal funding field tests (eucalyptus); 2 year/15% offtake agreement
- Agrifirma funding field tests (corn, soy, etc.); 2 year/15% offtake agreement
- Tight share structure
- Approximately $8MM cash in the treasury
Share Structure (details)
Shares O/S: 28,372,871
Warrants: n/a (7.65MM wts expired unexercised on 11/21/09)
Options: 1,865,000
Shares FD: 30,237,871
Events & Timelines
+----------------------------------------------+----------+----------+----------------------------+
| Description | Start | Target | Deliverable |
+----------------------------------------------+----------+----------+----------------------------+
| CETEM metallurgical tests | 04/29/09 | Q1 2010? | Identify add'l specialty |
| | | | uses (non-agricultural) |
+----------------------------------------------+----------+----------+----------------------------+
| ArcelorMittal tests - eucalyptus | 09/23/09 | TBD | |
+----------------------------------------------+----------+----------+----------------------------+
| Agrifirma tests - soybeans/maize/corn | 11/24/09 | TBD | Yield comparisons, chemical|
| | | | analysis |
+----------------------------------------------+----------+----------+----------------------------+
| Drilling - 30 holes x 50m/hole | 11/30/09 | Complete | Initial 43-101 |
| | | | Confirm grades/thickness |
| | | | First results out 12/14/09 |
| | | | Results out 01/21/10 |
+----------------------------------------------+----------+----------+----------------------------+
| Pilot plant start-up | 1Q10 | Complete | Producing for agri tests |
+----------------------------------------------+----------+----------+----------------------------+ Resources
Company web site
Video overview of Amazon Mining
Investor presentation (pdf)
Excerpt from John Kaiser's write-up
Pescod's "Lottery Ticket" article
In Situ Value model
Charts: Daily, Weekly
Images
Pilot plant: 1, 2, 3, 4, 5
Cerrade Verde project timelines - Gantt chart
Cerrado Verde project map
Cerrado Verde project photo
Cerrado Verde project photo gallery
CV from Google Earth: 1, 2, 3
Cerrado Verde drill hole locations
Cerrado Verde property map showing the Funchal Norte target
Madeira gold property: Suction dredge, Banded sandy mocororo
Tucano vanadium property |
