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The objective of this assignment was to update the mining study and the reserves estimate for the PHOS-3 project in line with the JORC Code. The mining study was based on:
- the resource estimate prepared by SOFRECO in 2015 during the PHOS-3 pre-feasibility study (SOFRECO MRE 2015);
- the modifying factors for the conversion of the mineral resources into mining reserves: dilutions and losses, processing performance, and the updated economic factors generated from the beneficiation tests.