Highlights

  • Minbos has begun early-stage mining and extracted first phosphate rock at the Cacata deposit in Angola.
  • The campaign is funded by an A$6.0 million placement completed earlier in 2026.
  • First mined ore is being stockpiled ahead of the November wet season.
  • Stockpiles will provide commissioning feed for the Subantando plant, planned for Q2 2027.

Minbos Resources Limited (ASX:MNB) has announced that it has begun early-stage mining and phosphate rock extraction at the high-grade Cacata deposit, part of its Cabinda Phosphate Project in Angola. The milestone follows site preparation and access works announced earlier in October.

First Phosphate Rock Extracted

Excavation has cut through topsoil and overburden to reach the phosphate-bearing formation, and first mined ore is being recovered and stockpiled on site. Initial pre-stripping has been completed, and ore has been delivered to surface run-of-mine pads. Grade control sampling is underway.

Mining is being carried out by Cabminas Comércio & Indústria, the earth-moving and haulage contractor appointed after a tender process. Extraction has been accelerated to secure ore before the November wet season.

Funding and Use of Stockpiles

The mining campaign is funded by the A$6.0 million equity placement completed earlier in 2026, which was upsized in August. CEO Rob Newbold said the company would "put that capital directly into the ground to extract our first phosphate ore before the wet season arrived."

The stockpiled ore is intended to provide commissioning feedstock for the Subantando plant, planned for Q2 2027. It may also support early local market campaigns or a future granulation campaign for Angolan agriculture, subject to approvals and binding agreements.

Regulatory Status and Next Steps

Minbos executed a Mining Investment Contract with the relevant Angolan ministry in December 2020, and a Mining Licence was issued in March 2021. Administrative processes for operational instruments and title transfer are still progressing with regulators.

Next steps include continuing to mine and build stockpiles before the wet season, completing all-weather haul roads, finalising regulatory formalities, and completing processing infrastructure to commission the Subantando plant in Q2 2027. Mr Newbold said the aim is "establishing Minbos as the Angolan fertiliser producer for Angolan soils."

Key Takeaways

  • Minbos has extracted its first phosphate rock from the Cacata deposit.
  • Ore is being stockpiled to secure feed before the wet season.
  • The stockpile will support commissioning of the Subantando plant in Q2 2027.
  • Regulatory formalities and title transfer are still being progressed.