According to this article, the western side of Georgina Basin contains the largest phosphate deposits in Australia (see link to news article further below). In the news release of PFC of March 5, 2012, we can find the following information: “PetroFrontier Corp. (“PetroFrontier”) is pleased to announce that it has been awarded two exploration permit applications (“EPAs”) in the western part of the Southern Georgina Basin, Northern Territory, Australia totaling 3,800 km2 (939,000 acres). EPA 213 (1,527 km2) and EPA 252 (2,273 km2) have been conditionally awarded to PetroFrontier and are dependent on the negotiation of surface access agreements with the Aboriginal stakeholders in the area. These two EPAs are 100% owned by PetroFrontier. These additional EPAs bring the total gross acreage controlled by PetroFrontier to approximately 14.5 million acres.” Maybe it would be good for PFC to drill or explore for phosphate as well, not only for oil. Anyway, it seems to me that there is quite some good value in the ground of Georgina Basin.
Rum Jungle Resources defines Measured phosphate resource at Barrow Creek 1