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| Legend International Holdings, Inc. OTCBB: LGDI November 2009: Announces Strategic Alliance with Wengfu Group Co. Ltd, one of the Largest Fertilizer Producers in China. • Initial production of Direct Shipping Ore expected in 2010 from Paradise North • Planned production of 5 million tonnes of phosphate rock per annum by 2013. • Landmark off-take agreement signed with India’s largest fertilizer enterprise IFFCO, a co-operative with over 50 million farmers associated with it and now a major shareholder. • Major shareholders include: Atticus Capital 13.5%, Soros Funds Management 10.4% & IFFCO 15% Legend International Holdings, Inc. [OTCBB: LGDI] is primarily focused on the development of its phosphate interests in the Georgina Basin in Queensland, Australia, which includes Paradise (formerly Lady Annie and Lady Jane), D-Tree, Thorntonia, Lily Creek, Quita Creek, Sherrin Creek and Highland Plains. Legend plans to produce an average of 5 million tonnes per year of phosphate rock concentrate of 30%+ P2O5 by 2013, thus becoming a leading producer of phosphate rock. Legend maintains a strong cash position following a significant capital raising in 2008 by BMO Capital Markets. The company has signed a Landmark off-take agreement with India’s largest fertilizer enterprise IFFCO, a co-operative with over 50 million farmers associated with it and is scheduled to commence initial production of Direct Shipping Ore in 2010 from its Paradise North deposit. Additionally, exploration permits have been granted for Paradise South, considered the flagship project and hosting core landholdings for a future long term beneficiation project. Legend is led by Joseph Gutnick, a prominent Australian mining industry entrepreneur, who has overseen some of Australia's largest and most prestigious resource discoveries. Contact: New York Office 31st Floor, 10 East 53rd Street, New York, NY Telephone: +1 212 223 0018 Facsimile: +1 212 223 1169 Email: legendinfo@axisc.com.au Website: www.lgdi.net |
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