Cerrado Verde is an open pittable source of Verdete slate, a potash rich rock from which Amazon plans to produce a slow-release non-chloride multi-nutrient fertilizer product. K2O contents range from 5% to 14%.The Company is investigating the viability of applying a pyro-metallurgical treatment process to deliver a ThermoPotash product. Working in conjunction with Brazilian government institutions and agricultural investment programs, Amazon hopes to gain objective data that will assist in determining the economic and metallurgical parameters associated with the manufacture of ThermoPotash, and to quantify the delivery of potash and other required plant nutrients that may be carried in the potential fertilizer product. The manufacture of conventional potash salts from Cerrado Verde will also be investigated, the results of which could improve potash product concentrations and assist in the development of specialty products and/or the creation of products for long-haul export.

The Cerrado Verde project is located in western part of Minas Gerais state, in the heart of the Country’s agricultural region.

The project covers 118,742 hectares. The project focus aims at the economic recovery of potash from sedimentary deposits in the Serra da Saudade Formation. The deposit contains extensive strata of a rock known locally as verdete (green) slate, in which the main potash-bearing minerals are glauconite (a hydrated potassium-iron silicate) and sericite (a monoclinic, basic potassium aluminosilicate of the mica group), with K2O content ranging from 5% to 14%.

Amazon intends to utilise its treasury conservatively in developing the Cerrado Verde project. The Company believes the strategic importance of potash to Brazil will provide financing opportunities outside of conventional market financing, from government, land funds, growers associations and established fertilizer distributors.