Minbos Resources Limited (ASX:MNB) Secures US$2.43M Tranche 2 Funding and Reports Strong 2025 Field Trials
Tranche 2 Funding Received
Minbos Resources Limited (ASX:MNB) announced the receipt of the second tranche of funding, totaling US$2.43 million from the Fundo Soberano de Angola (FSDEA). The funds have been allocated to Minbos’ subsidiary, Phobos Ltd, for the continued construction of the Cabinda Phosphate Fertilizer Project in Angola. The final tranche of US$1.17 million will be disbursed upon the renewal of project insurances and the presentation of supplier quotations for long lead items.
2025 Field Trials
The company reported strong performance from its early 2025 field trials in Angola. The trials demonstrated that the use of PRIMEIRO significantly improves crop yields, particularly in areas with low soil phosphorus and acidic soils. When PRIMEIRO was applied as the sole phosphate source, yield increases of up to 80% were observed. The enhanced phosphorus levels promoted better root development, flowering, and fruiting, resulting in healthier and more productive plants. Additionally, local trials indicated that without phosphorus, other nutrients were ineffective, highlighting a key selling point for the company’s fertilizer.
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