GB Minerals Ltd

GB Minerals Ltd. is a Canadian mining exploration and development company that is focused on developing the Farim Phosphate Project located in Guinea-Bissau, West Africa. The project consists of a world class, high quality, future mine with a deposit containing Measured and Indicated Resources of 105.6 million dry tonnes at a grade of 28.4% P2O5 and additional Inferred Resources of 37.6 million dry tonnes at 27.7% P2O5.   The Measured and Indicated Resources include 44.0 million dry tonnes of Reserves based on a 25 year mine plan at 1.75 million tonnes per annum (“Mtpa”) of mine production at the following Run of Mine (“ROM”) grades: 30.0% P2O5, 2.6% Al2O3, 41.0% CaO, 4.7% Fe2O3, 10.6% SiO2.  The phosphate ore will be processed in a beneficiation plant resulting in 1.32 mpta of final product at 34.0% P2O5 and 3% moisture.  Beneficiated product will be trucked approximately 75 km from the mine-site to a port that the project will construct where the ore will be directly loaded onto ships of up to 35,000 dead weight tonnes.