Harvest Minerals Limited Approval of Final Exploration Report (2321J)
March 29 2018 - 1:00AM
UK Regulatory
TIDMHMI
RNS Number : 2321J
Harvest Minerals Limited
29 March 2018
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector:
Mining
29(th) March 2018
Harvest Minerals Limited ('Harvest' or the 'Company')
Approval of Final Exploration Report of Natural Fertiliser
Project
Harvest Minerals Limited, the AIM listed natural fertiliser
producer, is pleased to announce that the Company's Final
Exploration Report ('FER') for its Arapua Fertiliser Project has
been approved by Department of Mines ('DNPM') inspector for Minas
Gerais, following assessment and a site visit. The report, which
was submitted in April 2017, represents a further step in the
application for a Full Mining License ("FML") and will now be sent
to the DNPM office in Brasilia, which will publish the approval in
the official Gazette.
Following the FER approval, the Company intends to submit its
environmental report and then a feasibility study as the final
steps in the application process for the FML.
At present, the Company operates under a four-year Trial Mining
Permit, allowing Harvest to extract 50kt of product on a rolling
basis and deliver product to existing customers.
Harvest's Executive Chairman, Brian McMaster, said, "The
approval of our FER is a great endorsement of all the work we have
undertaken over the past two years. We are now focused on
submitting an environmental report and feasibility study; work on
both reports has already started. In the meantime, the Company
continues to produce and deliver product under its trial mining
permit."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
ENDS
For further information please visit www.harvestminerals.net or
contact:
Harvest Minerals Brian McMaster Tel: +44 (0)
Limited (Chairman) 20 7317 6629
Strand Hanson Limited James Spinney Tel: +44 (0)20
(Nominated & Financial Ritchie Balmer 7409 3494
Adviser)
Shard Capital Partners Damon Heath Tel: +44 (0)
(Broker) 20 7186 9900
St Brides Partners Isabel de Salis Tel: +44 (0)20
Ltd 7236 1177
Gaby Jenner
Notes:
Harvest Minerals (HMI.L) is a Brazilian focused fertiliser
producer advancing the 100% owned Arapua Fertiliser Project, which
produces KPfértil, a proven, multi-nutrient, slow release, organic
fertiliser and remineraliser. KPfértil offers many economic and
agronomic benefits and addresses the significant demand for locally
produced fertiliser in Brazil, with its abundant agricultural land;
currently, the country imports 90% of the potash it uses but has a
target to be self-sufficient in fertilisers by 2020. Covering
14,946 hectares and located in the heart of the Brazilian
agriculture belt in Minas Gerais, Arapua is a shallow, low cost
mine with an indicated and inferred resource of 13.07Mt at 3.1% K2O
and 2.49% P2O5. This is based on drilling just 6.7% of the known
mineralisation, leaving significant upside potential. This resource
is equivalent over 29 years' production and the known
mineralisation expected to support 100+ years' production at
450,000 tonnes per annum.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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