First Phosphate files NI 43-101 report for updated Bégin-Lamarche phosphate resource estimate
Reuters2026/08/24 12:32- First Phosphate filed an NI 43-101 technical report for an updated mineral resource estimate at the Bégin-Lamarche phosphate deposit in Quebec.
- Measured resources: 6,200,000 tonnes at 7.7% P2O5; indicated: 198,500,000 tonnes at 6% P2O5; inferred: 89,500,000 tonnes at 6.16% P2O5.
- Indicated resources rose 378% versus the September 9, 2024 initial estimate; the deposit remains open at depth.
- Test work points to 40.4% P2O5 apatite concentrate at 88% recovery; material qualified for battery-grade phosphoric acid with a 91.1% conversion ratio.
- Site sits near existing road and hydro infrastructure; about 70 km by road from the Port of Saguenay.
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