Sirius Minerals Plc Corn and Soybean Crop Study Results
August 04 2015 - 1:01AM
RNS Non-Regulatory
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Sirius Minerals Plc
04 August 2015
RNS Reach
4 August 2015
Sirius Minerals Plc
Corn and Soybean Crop Study Results
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY)
("Sirius" or the "Company") provide an update on the latest results
from its ongoing global crop study programme.
This update provides results from soybean trials completed at
Texas A&M, and the University of Sao Paulo, plus results from a
corn study carried out at North Dakota State University. Trials
demonstrate that polyhalite is an effective fertilizer on both of
these major crops and continue to underpin the value of balanced
fertilization. The highlights include:
-- Polyhalite improved soybean yield and bean protein yield by up to 16% over MOP and SOP
-- Corn fertilized with polyhalite improved yields by 3% over MOP + Ammonium Sulphate
-- Polyhalite yields return $25/ha more than traditional yields in corn
-- By using polyhalite, 50% less K(2) O was needed in Texas and
66% less in Brazil to maintain yields
The US and Brazilian soybean markets account for 32% and 30%
respectively of an estimated global market worth $119 billion. The
equivalent K(2) O consumption of polyhalite would be 72 million
tonnes in the US and 38.2 million tonnes in Brazil.
With regard to corn, the US accounts for 29% of the global corn
market, equating to US$265 billion annually and consumes 89kg K(2)
O per hectare of corn, equating to 22.3 million tonnes of
polyhalite.
Key findings from the soybean trial in Brazil revealed that
polyhalite can deliver equal yields using 66% less K(2) O, saving
farmers $31 per hectare. Trials in Texas also included a potential
cost saving by using 50% less K(2) O and saw yields increase by up
to 15%. Furthermore, there was improved bean protein content; an
important quality factor for achieving a higher value crop.
Chris Fraser, Managing Director and CEO of Sirius,
commented:
"These trials not only display the potential for polyhalite to
provide an increased financial return from higher yields, but also
demonstrate important input savings."
An agronomy update presentation and webcast has been uploaded to
the Company website www.siriusminerals.com.
For further information, please contact:
Sirius Minerals Plc
Investor Relations Email: ir@siriusminerals.com Tel: +44 845
524 0247
--------------------------- ------------------------------- ---------------
Joint Brokers
Liberum Capital Limited Clayton Bush Tel: +44 20
3100 2222
Macquarie Capital (Europe) Ken Fleming, Tel: +44 20
Limited (NOMAD) Nick Harland, 3037 2000
Nick Stamp
WH Ireland Adrian Hadden Tel: +44 20
7220 1666
--------------------------- ------------------------------- ---------------
Media Enquiries Jos Simson, Mike Tel: +44 20
Tavistock Bartlett, 7920 3150
Emily Fenton
--------------------------- ------------------------------- ---------------
Warrant Trading Enquiries
Liberum Capital Limited Simon Smith Tel: +44 20
3100 2171
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About Sirius Minerals Plc
Sirius Minerals is the fertilizer development company focused on
the development of the York Potash Project in the United Kingdom,
which has the world's largest and highest grade deposit of
polyhalite, a multi-nutrient form of potash containing potassium,
sulphur, magnesium and calcium. Incorporated in 2003, Sirius
Minerals' shares are traded on the London Stock Exchange's AIM
market. Its shares are also traded in the United States on the
OTCQX through a sponsored ADR facility. Further information on the
Company can be found at: www.siriusminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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