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TTR agrees project is different to Chatham Rock Phosphate

1 October 2014

Media Statement

For Immediate Release

TTR agrees its project is different to Chatham Rock Phosphate

Trans - Tasman Resources notes a number of media outlets reporting that Chatham Rock Phosphate is distancing itself from TTRs project. TTR agrees that the projects are very different noting that the main differences can be summarised as follows:

1. The TTR project is in a high energy shallow water ecosystem, evolved to respond to disturbance which occurs naturally on a very frequent basis – unlike the stable ecosystems that occur in deep water.

2. Experts noted no recordings of rare, endangered or protected seabed-dwelling species in TTR’s project area.

3. TTRs near shore operation makes it vastly easier to undertake monitoring as a basis for effective and meaningful adaptive management

4. Mining technology proposed by TTR is one that has been proven in marine mining conditions for over 20 years off the coast of Namibia in Southern Africa

5. Due to the shallow depth TTR is able to use marinised conventional drilling systems for Mineral Resource definition enabling the iron sand resource to be reported to the JORC (2014) standard

6. Weight of expert evidence during TTRs hearing acknowledged that benthic recovery to pre mine conditions would most likely occur in less than 10 years, this is a much shorter time frame than would be expected in much deeper water systems.

Ends


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