Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Wengfu Press Release
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Mar 12, 2010 01:21PM

Great find bigscrot69!! This IS different than the Nov. release because this is a SIGNED formal agreement( for the Chinese this means it is "official"). For Wengfu to post this on THEIR website under the heading "Kudos to Wengfu and Legend in TSA" is BIG!!

This shows that the "strategic alliance" that was first released is progressing and turning into the "partnership" that we wanted. Joe. G must have spent alot of time there to get this done. Wengfu in this press release is almost "boasting" about their partnership with Legend.

Look how great this reads:

Shenzhen China – February 21, 2010- Wengfu’s CEO, Mr. Wang Jiangping, signs a Technical Services Agreement (TSA) with Mr. Joseph Gutnik, the CEO of Legend International holdings Inc. This TSA signed on behalf of both companies is for the exploration (feasibility studies and due diligence) of phosphate resource located in Queensland Australia.

Legend International Holdings Inc. is based in Melbourne Australia and Mr. Gutnik, the CEO, is a leading mining industry entrepreneur in Australia who discovered the largest and one of the most astounding mineral resources of Australia. Legend owns rich phosphate resources in the Georgina Basin, Queensland, Australia including Paradise, D-Tree, Thorntonia, Lily Creek, Quita Creek, Sherrin Creek and Highland Plains. The total reserve is about 1 billion tones with an average grade of 16% P2O
5.

The signing of the Technical Services Agreement (TSA) has added another milestone to Wengfu’s continuous development and advancement at the international scene. It reflects the promotion of Wengfu’s technical innovation and the capability to plan and manage world-class phosphate and chemical projects.

After this stage, Wengfu and Legend will move a step further in their partnership to execute the various production processes including the production of fertilizers and fine chemicals for their mutual benefits.

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