Melior Signs 10-YEAR Fertilizer Off-Take Agreement with Soft Agriculture
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NEWS RELEASE
MELIOR SIGNS 10-YEAR FERTILIZER OFF-TAKE AGREEMENT WITH SOFT AGRICULTURE
Toronto, Ontario, November 7, 2017 – Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) today
announced that its wholly-owned subsidiary, Goondicum Resources Pty Limited, has signed an off-take agreement
(the “Agreement”) to supply apatite fertilizer to SOFT Agriculture Pty Limited (“SOFT”), an organic agri-products
manufacturer based in Australia.
“We are extremely pleased to have entered into a long-t erm off-take agreement with SOFT given its commitment
to organic farming,” said Mark McCauley, President and CE O of Melior Resources. “The agreement is a testament
to the quality of our apatite product and our ability to penetrate the fast-growing organic farming market.”
Under the terms of the agreement SOFT will purchase 100% of Melior’s production volume at a price which is 50%
higher than the price Goondicum prev iously received for this product reflecting the increasing demand for
Goondicum apatite’s unique attributes. The Agreement will continue for the ea rlier of the life of the Goondicum
ilmenite mine or 10 years.
SOFT is a rapidly growing organic fer tilizer manufacturer based in northern New South Wales and supplies a range
of organic fertilizer and stock feed products to the Au stralian agricultural industry. SOFT has been the primary
customer for Melior in previous operational periods a nd possesses proprietary technology which processes the raw
apatite from the Goondicum mine into a high value organic fertilizer.
Apatite from the Goondicum ilmenite mine is a high P2O5 , refractory phosphate rock which is unique in its
mineralogical and physical characteristics. Goondicum apatite has no cadmium or lead content and is chemically very
clean, making it ideal for organic fertilizer and stock f eed manufacture. Being a refractory rock means Goondicum
apatite is a slow release phosphate source and, as a result, its use is not detrimental to waterways and adjacent areas
to where it is applied.
About Melior
Melior is the owner and operator of the Goondicum ilmen ite mine, a past-producing ilmenite and apatite mine
strategically located in Queensland Australia. Further de tails on Melior and the Goondicum ilmenite mine can be
found at www.meliorresources.com and regulatory filings are available on SEDAR.
Melior is incorporated under the provisions of the Business Corporations Act (British Columbia) and has a registered
office in Toronto, Ontario. Melior is classified as a Tier 1 Mining Issuer under the policies of the TSX Venture
Exchange.
Forward Looking Statements Disclaimer
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties.
Such statements can typically be identif ied by terminology such as ‘‘may’’, ‘‘will’’, ‘‘could’’, ‘‘should’’, ‘‘expect’’,
‘‘plan’’, ‘‘anticipate’’, ‘‘believe’’, ‘‘intend’’, ‘‘possible’’, ‘‘continue’’, “objective” or other similar expressions
concerning matters that are not historical facts. Certai n material factors or assu mptions are applied in making
forward-looking statements and actual results may differ materially fr om those expressed or implied in such
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statements. Melior does not undertake to update any forward-looking statements; such statements speak only as at the
date made.
Going Concern Risk
As described in Melior’s most recent MD&A, the continuing operations of the Company are dependent upon its ability
to continue to raise adequate financing, to commence pr ofitable operations in the future, and repay its liabilities
arising from normal business operations as they become due. There remains a significant risk that the Company is
unable to find alternative sources of financing for on- going working capital requirements. These material
uncertainties cast significant doubt upon the Company’s ability to continue as a going concern.
Failure to obtain sufficient financing could result in a de lay or abandonment of the Goondicum ilmenite mine and
could force the Company into reorganization, bankruptcy or insolvency proceedings. Additional financing may not be
available when needed or, if available, the terms of such financing might not be favourable to the Company and might
involve substantial dilution to existing shareholders. Failu re to raise capital when n eeded would have a material
adverse effect on the Company’s ability to pursue its business strategy, and accordingly could negatively impact the
Company’s business, financial condition and results of operations.
For further information please contact:
MELIOR RESOURCES INC.
Mark McCauley
Chief Executive Officer
+61 7 3233 6300
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.