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Liberty Resources Limited (ASX:LBY) Fertiliser Advisory and Agency Agreement

Fertiliser Advisory and Agency Agreement with RLF Group – China, Australia
- The RLF Group is a fertiliser manufacturer, agent and distributor.
- It supplies fertilizer to some of the largest consumers of urea in China.
- This is a key step for Liberty to develop a world class fertiliser export industry in Queensland.
- It will also assist Liberty in negotiating project finance for the urea fertiliser projects.
Liberty Resources Limited (ASX:LBY) is pleased to announce that it has signed an international Advisory and Agency agreement with Rural Liquid Fertilisers Pty Ltd (RLF) and Rural Liquid Fertilisers China (Kaifeng) Co. Ltd (RLF China).
Managing Director of Liberty Resources, Andrew Haythorpe said the agreement between Liberty Resources Ltd and the RLF Group will expedite project finance and offtake discussions for the Company’s proposed Urea fertiliser industry in Queensland.
“The partnership with the RLF Group will give us unprecedented access to large and well established fertiliser producers and distributors” he said. “The RLF Group will also assist with strategy, advice and management of Liberty’s future Urea production and marketing activities.”
“This is an invaluable step towards Liberty delivering its project opportunities in Queensland” Mr Haythorpe said yesterday.
RLF is an ISO-9002 quality assured world-class manufacturer and supplier of crop nutrition products. RLF has an established network of Chinese government and industry alliances which provide Liberty with an excellent marketing and distribution platform for future Liberty fertiliser product.
Through its primary China distribution partner, Sinochem Group, RLF has access to more than 2300 Sinochem branded distribution centres and 40,000 Chinese agricultural fertiliser and chemical retailers. Sinofert (a Sinochem Chinese subsidiary) sells more than 15 million tonnes of granular fertiliser annually.
Managing Director of the RLF Group, Mr Ken Hancock said the Liberty Resources syngas urea project represents an exciting opportunity for Australia to become a significant supplier in the global fertiliser market with a particular focus on the growing consumption requirements for urea in Asia.
“RLF’s experience in fertiliser manufacturing, procurement and distribution combined with an established network of government and industry contacts and local presence is expected to assist Liberty Resources to quickly gain access to some of the largest consumers of urea in China” he said. “I’m very pleased to be making this joint announcement with Liberty Resources” said Mr Hancock today.
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