Sterling Group Ventures Inc. (fka SGGV)

[FlatEarthSoc]

thanks for the update!


references to the processing plant from the last 10Q

Pursuant to the Agreements, Hongyu agreed to surrender its future exclusive cooperative rights to the Company, and the Hongyu Shareholders agreed that the Company shall have all Hongyu's title and interest in any phosphate properties, including but not limited to the GP Property, and the Company arranged for the financing of building a mining and processing plant on the GP Property together with other facilities required for a mining operation thereon.

On March 10, 2013, Hongyu signed a profit sharing agreement with Yichang Baolin Mining Engineering Co. Ltd ("Baolin") for mining and processing ore from the Project. Baolin has a processing plant using a scrubbing processing which can process up to 100,000 t/a. However, Baolin is also building a new processing plant near Gaoping property to reduce the transportation cost..