Victoria Phosphate

The principal activity of Victoria Phosphate is the design and construction of a mine and phosphate flotation facility in the Lisina deposits, near Bosilegrad - where the extraction of phosphate ore will take place, as well as the production and sale of concentrated phosphate. Concentrated phosphate is a primary raw material in the production of mineral fertilisers, and therefore has an important and complementary purpose within the Victoria Group supply chain. The nearest current deposits of phosphate ore are located in the north of Finland and the North African region, which makes Lisina the only significant deposit in continental Europe. It is therefore of major strategic significance not only for Victoria Group, but for all of Serbia.

A comprehensive feasibility study has been completed since the company’s founding, which has verified ore deposits of 72 million tons of phosphate, with an average content of 9% P2O5; and the procedures for securing exploitation rights have been initiated. The UK-based company, SRK Consulting, has confirmed the estimate of Lisina’s resources as compliant with the international JORC standard, which marks a significant step forward in the development of the Lisina project.

Following the preparatory, design and construction phases, the goal is to reach an annual target of 1.5 million tons of extracted phosphate ore, with 380,000 tons of concentrated phosphate as the final product.