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Location: 45 km NE from Cabinda, Angola
Level 2, 10 Outram StreetPerthWestern Australia, Australia6005
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As of 30 June 2025, the Angolan Sovereign Wealth Fund (FDSEA) have acquired 22% of Phobos Ltd. Minbos's share in Phobos Ltd is 78%.
Phobos Ltd holds 85% of the shares of Angolan entities, Soul Rock-Prospecção, Exploração De Fosfato, Produção e Comercialização de Fertilizantes, Lda (Soul Rock Lda), which owns the Cabinda Plant, and Minbos Resources Exploração Mineira, Lda (Minbos Lda), which owns the on Cácata Mine. The 15% minority interest in both companies is held by the three strategic Angolan shareholders.
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The Phosphate deposits of Cabinda are of the Florida/Morocco sedimentary type and structurally simple, located in structures formed as part of the Atlantic rifting. The area is comprised of a series of broad, gentle folds and grabens trending southeast-northwest, sub parallel to the coast with the phosphate deposits preserved within the grabens. The folds and grabens are cut by steep transverse faults and shear zones perpendicular to main faults in places. Sedimentary cycles can be correlated between grabens based on rock chemistry and sediment characteristics in the phosphatic units. The deposits are Maastrichtian or Eocene age and locally referred to as the Upper Phosphate Member (UPM), Pebbly Foraminiferal Clay and Limestone Unit (PFCL) and the Lower Phosphate Member (LPM). Mineralisation at Cácata varies within the sedimentary layers from very high-grade gravels with coprolites, pellets, teeth, and bones to silty fine grained phosphorite low grade zones and is preserved in a narrow graben approximately 400m wide and 4.5km long. The phosphorite beds consist of three (3) main mineral phases, a phosphate phase of mainly apatite/francolite/crandillite, a sand phase of predominantly silica/quartz and a clay phase of primarily iron-potassium rich clay minerals. These phases are clearly seen in the assay results and show grouped distributions of Fe2O3-Al2O3, SiO2 and CaO-P2O5. Except for MgO and K2O, other oxides have very low grades. In the lower grade layers the distributions are more complex and dolomite is a major component of most of these sediments. Contaminants such and Cadmium, base metals and uranium are low (where analysed).The known dimensions of the Cácata deposit are: • UPM (high grade portion) 1700m x 380m x up to 20m thick;• PFCL (low grade portion) 3750m x 380m x 18m thick.
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