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Highlights
- Minbos receives US$2.43 million from Angola’s sovereign wealth fund for project development.
- Field trials show phosphate product boosts crop yields by up to 80%.
- Shares rise 6.82% to 4.7 cents following funding announcement.
Minbos Resources (ASX:MNB) has secured a second funding tranche of US$2.43 million from the Fundo Soberano de Angola (FSDEA), accelerating the development of its Cabinda phosphate fertilizer project in northwest Angola. The funding, received through Minbos' subsidiary Phobos, will support ongoing construction work as the company progresses toward production.
A final funding tranche of US$1.17 million is set to follow, contingent on Minbos renewing project insurance and presenting supplier quotations for long lead items. The combined funding package strengthens the company’s financial position as it advances a project with the potential to transform local agriculture.
Promising Trial Results and Market Potential
Field trials conducted in early 2025 have produced compelling results, showing that Minbos' phosphate product, Primeiro, significantly boosts crop yields — especially in low-phosphorus, acidic soils. Notably, yields increased by up to 80% when Primeiro was the sole phosphate source, enhancing root development, flowering, and fruiting.
The trials underscored a critical insight: without adequate phosphorus, other nutrients have minimal effect on plant growth. This discovery positions Primeiro as an essential input for improving regional agricultural productivity, giving Minbos a powerful angle for market positioning and publicity.
Long-Term Project Viability and Market Response
Minbos has already completed a feasibility study for the Cabinda project, outlining a 20+ year lifespan with a projected annual production capacity of 170,000 tonnes of phosphate fertilizer. The long-term outlook, combined with the latest funding injection, reinforces the project's stability and growth potential.
The market responded positively to the news, with Minbos shares climbing 6.82% to 4.7 cents by late morning trade.
