First Phosphate reports major resource expansion at Bégin-Lamarche project

First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to discuss a significant milestone for the company following the release of an updated Mineral Resource Estimate (MRE) for its Bégin-Lamarche phosphate project in Quebec. The updated estimate, based on 276 drill holes totaling 68,345 metres, represents a substantial increase in resource size and further strengthens the project’s development potential. Passalacqua highlighted that the revised resource estimate delivered a major increase in the project’s indicated mineral resources, rising by 378% compared with the company’s initial 2024 MRE. The updated pit-constrained indicated mineral resource now stands at 6.2 million tonnes grading 7.70% P₂O₅, containing approximately 478,000 tonnes of phosphate. Additionally, the inferred pit-constrained mineral resource totals 89.5 million tonnes grading 6.16% P₂O₅. Despite the considerable growth in overall resource size, the deposit remains open at depth, leaving...