Aug 23 (Reuters) - Phosphate Australia Ltd POZ.AX :
* Laverton gold project WA, acquisition and drilling program POZ.AX
* Acquisition of Laverton gold project, 10 km southeast of Laverton in highly-endowed Mount Margaret District of Western Australia
* Permitting submitted to commence a Maiden drill program this calendar year
* Says acquisition costs were minimal
* Says the project is 100% POZ and carries no private royalties
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