Avenira (ASX:AEV) has provided an update on its proposed Wonarah Phosphate Project in the Northern Terrority, to mine and sell high-grade phosphate ore.
Avenira says testing has confirmed Wonarah Ore to be well suited for the production of battery-grade Phosphoric Acid due to its high grade, physical robustness and large consistent lump sizing.
It also says offtake discussions are well advanced, with a binding offtake agreement expected to be executed for the sale of up to 600,000tpa DSO (direct shipping ore).
Avenira?s share price is currently up 31%.