ABN 82 120 855 352
Level 8, 580 St Kilda Road
Melbourne Victoria 3004
Australia
PO Box 6315, St Kilda Road Central
Melbourne Victoria 8008
Australia
T +61 3 8532 2866
F +61 3 8532 2805
info@lgdi.net
www.lgdi.net
Melbourne Australia - Tuesday, November 8, 2011 - Legend
International Holdings, Inc (OTCBB: LGDI) is pleased to
announce that it plans to begin phosphate rock production and
sales operations from its Paradise rock deposits for domestic
value added sales and exports.
Legend is confident that given the current phosphate rock
market the beginning of production and sales operations is
now warranted. This will occur in parallel with continuing
Legend's current DAP/MAP development strategy with
prospective joint venture partners.
Legend and IFFCO have executed a Shareholders' Option
Agreement whereby Legend and IFFCO have agreed on Rock
Off-take. Legend is now finalising its strategy for
production and sale of rock phosphate in consultation with
IFFCO.
The strategy includes: