Sunkar is a UK registered company that aims to be an integrated phosphate fertiliser manufacturer. The Company has a 90% interest in Temir-Service LLP (Temir), a limited liability partnership established under the laws of the Republic of Kazakhstan. Temir holds the Sub Soil Use Contract for the Chilisai phosphorite deposit in NW Kazakhstan.

The Chilisai deposit is one of the largest known deposits in the Former Soviet Union with a resource of some 800 million tonnes of phosphate containing ore in the Company's licence area. The ore lies in a shallow sedimentary layer which is expected to be extracted at low cost and the Competent Persons Report (CPR) set out in the admission document indicates that the resources within the Licence Area are sufficient for a 56 year mine life, with a mining rate of 10 million tonnes of ore mined per year.  

Other key advantages of the project include proximity to low cost sulphur from the North Caspian oil and gas operations as well as extensive existing infrastructure with rail links to its key future markets of China, Russia and Central Asia FSU countries. The Company therefore believes that the highest value added opportunity lies in developing an integrated phosphate fertiliser manufacturing facility at the deposit site. 

Following Admission, the Group intends to proceed to prepare a final “bankable” feasibility study in relation to the Project. Two key aspects of this study are: evaluating and optimising a flowsheet for the production of phosphoric acid (the precursor for all processed fertilisers) from the Chilisai ore and a comprehensive examination of the markets for phosphate rock, phosphoric acid, mono-ammonium phosphate (MAP) and di-ammonium phosphate (DAP).