Strata Minerals Revenue

About Strata Minerals

Strata’s main focus is on the Diamond Mountain Phosphate project, located in the State of Utah, which benefits from good historical data and which was recently jointed ventured by Strata Minerals. Drilling is underway at the site now. Strata has an option to earn up to 80% interest in the Diamond Mountain Phosphate project with the objective of developing a low cost open pit phosphate production operation with the potential to extend underground. The project is adjoining to the west by Simplot Corporation’s Vernal phosphate mine and beneficiation complex which reportedly produces at a rate of approximately 1 million tons per annum of concentrated phosrock grading an average of 30% P2O5. The interest in the Diamond Phosphate Project is based on work done by US Steel (USS) and information which is available in the files of the Utah Geological Survey. USS evaluated the phosphate resources and drilled 23 exploration holes between 1967 and 1969. Phosphate rock occurs as two benches. The lower bench ranges from 6.0-9.5 feet thick and is higher grade, containing about 23% P2O5 and 1.76% MgO. The combined upper and lower benches are from 12.5-16.0 feet thick, average about 14 feet thick, and reportedly contain about 20% P2O5 and 3.07% MgO. (Not NI 43-101 Compliant) The board and management of Strata Minerals plan to conduct an initial work program designed to drill 25 holes (2000 meters) and establish an initial 43-101 Resource in Q4 of 2014. Further, Strata plans to complete necessary work to deliver a prefeasibility study in Q4 2015. Dundee Resources has been one of the major institutional investor supporters to date and became cornerstone investor in March 2014 by participating in a placement for an 18.4% share in Strata.

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