Minbos Resources Limited (`Minbos' or the `Company') announced that it has executed a contract to secure the site for the Cabinda Phosphate Fertilizer Plant. Land acquisition contract executed for the site of the Cabinda Phosphate Fertilizer Plant, located within the Subantando commercial precinct. The Subantando site is located near the main highway (EN201) between Cácata and Cabinda City, 36km from Cácata, and 16km from Cabinda Port.

The Subantando site for the Cabinda Phosphate Fertilizer Plant has significant OPEX and production advantages to Futila, the previous site under consideration (and upon which the DFS was based), including: reduced distance for ore haulage from Cácata to the plant, reduced distance for product delivery from the plant to the Port of Cabinda, reduced truck traffic through the city of Cabinda, and reduced costs to hold and maintain site.