First Phosphate Announces Significant Mineral Resource Estimate for Bégin-Lamarche Phosphate Deposit [Video]

First Phosphate’s CEO, John Passalacqua and Chief Geologist Gilles Laverdiere joined Steve Darling from Proactive to discuss the results of the company’s initial Mineral Resource Estimate for the Bégin-Lamarche Phosphate Project, located in Quebec. The deposit is part of the vast Lac-Saint-Jean anorthosite suite (LSJAS), recognized as the largest phosphate-mineralized anorthosite formation globally.

The estimate revealed that the Bégin-Lamarche Phosphate Deposit holds an Inferred pit-constrained Mineral Resource of 214.0 Mt at 6.01% phosphate and an Indicated pit-constrained Mineral Resource of 41.5 Mt at 6.49% phosphate. Metallurgical testing suggests an anticipated apatite concentrate grade of 40% P2O5 with an impressive 91% recovery rate.

In addition to phosphate, the deposit offers the potential for recovering two other valuable mineral products: magnetite (iron) and ilmenite (titanium). The project has significant room for expansion, as it remains open at depth.

First Phosphate is now focused on advancing the project toward a Preliminary Economic Assessment (PEA), expected later this year, which will pave the way for a Feasibility Study and potentially bring the project closer to production. This development marks a key milestone in the company’s growth and the future of phosphate production in Quebec.

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