Project at a Glance
The Korella Phosphate Project sits within the heart of Queensland's resource belt, combining a fully permitted mining lease with validated high-grade resources and a staged pathway to production.
Korella Phosphate Project
Located in north-west Queensland, approximately 150km south-east of Mount Isa within a well-developed mining corridor. Fully permitted with Environmental Authority in place and approved ~1,000kt p.a. extraction capacity.
Pathway to broader rare earth mineral resource development and vertically integrated fertiliser production alongside phosphate mining.
~19Mt
Estimated Resource
1,000kt
Approved extraction (p.a.)
High Grade
Validated from trial mining
20+ yrs
Projected life of mine
Resource & Grade Summary
The Korella deposit contains a substantial phosphate resource. Fully permitted with Environmental Authority in place, with completed trial mining validating grade and operations.
Trial Mining Validation
Trial mining extracted approximately 20,000+ tonnes of high-grade phosphate, consistently exceeding the geological model estimate.
This provides high confidence in the resource quality and supports the staged production pathway to commercial shipment.
Why Phosphate. Why Now.
Phosphate is a non-substitutable input for global agriculture. Rising demand, concentrated supply, and recognition on Australia's Critical Minerals List are reshaping the strategic case for domestic phosphate assets.
Global Phosphate Rock Market
CAGR ~4–6% · 2024–2030
Global demand driven by food security, fertiliser production, and emerging battery applications.
Concentrated supply — over 70% of global reserves held by Morocco, with growing demand from India, Brazil, and South-East Asia.
Source: USGS, Industry estimates
Australia's Phosphate Import Dependency
Listed as Critical Mineral · 2024
Australia imports 90%+ of phosphate fertiliser requirements despite hosting significant deposits.
Phosphate added to Australia's Critical Minerals List in 2024 — recognising supply chain vulnerability.
Source: Geoscience Australia
A Non-Substitutable Nutrient
Food security · Agriculture · 2024–2030
Phosphate was formally added to Australia's Critical Minerals List, reflecting its essential role in food security and the strategic need to reduce import dependency.
There is no substitute for phosphate in agriculture — every crop, every field, every season requires phosphorus.
Source: Australian Government Critical Minerals Strategy
Critical Minerals Strategy 2023–2030, backed by A$4B commitment to downstream processing and supply chain sovereignty.
Defense Production Act provisions and IRA incentives prioritising domestic and allied-nation mineral sourcing.
Critical Raw Materials Act targets 10% domestic extraction and 40% domestic processing by 2030.
Strategically Positioned
Located in north-west Queensland, approximately 150km south-east of Mount Isa within a well-developed mining corridor, with proximity to existing phosphate operations, established rail and road infrastructure, and direct connectivity to Townsville port.
Korella Phosphate Project
Phosphate Hill Line Access
7km south of the Phosphate Hill to Townsville rail line, providing direct access to established export infrastructure.
Adjacent Producers
5km south of Dyno Nobel's Phosphate Hill operation, with access to existing processing facilities in the region.
Port Connectivity
Road and rail connectivity to Townsville port, supporting the DSO export pathway for direct shipping of phosphate rock.
Interested in the Korella Project?
Get in touch with our team to learn more about Venus Resource and our operations.
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