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Chatham Rock Phosphate holds an exploration licence over an 820km2 block off the east coast of New Zealand known to house significant seabed deposits of rock phosphate and other minerals.
Managing director Chris Castle highlights the advantageous implications of having inherited historic data on the well-studied offshore deposit. He also suggests the company is strategically positioned in a commodity that will become increasingly scarce; as a result, it is in the process of expanding its geographical reach by applying for licences offshore Namibia.
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