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HMI Harvest Minerals Limited

1.475
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Harvest Minerals Limited LSE:HMI London Ordinary Share AU000XINEAB4 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.475 1.40 1.55 1.475 1.475 1.475 85,044 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 8.63M 198k 0.0010 14.70 2.78M

Harvest Minerals Limited ARAPUA FERTILISER PROJECT UPDATE (9896K)

28/09/2016 7:00am

UK Regulatory


Harvest Minerals (LSE:HMI)
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TIDMHMI

RNS Number : 9896K

Harvest Minerals Limited

28 September 2016

28 September 2016

Harvest Minerals Limited

("Harvest" or the "Company")

ARAPUA FERTILISER PROJECT UPDATE

Infrastructure Works and Preparation for New Drill Programme Commenced

Harvest Minerals Limited ("Harvest" or "the Company") is pleased to announce that it has started infrastructure work in preparation of commencing open pit mining and additionally, the Company is preparing the drill pads for the start of a new drill programme at its Maximus Phosphate Project, located in the Brazilian state of Minas Gerais.

Infrastructure Work

Last week, the Company carried out a topographic survey and started fencing the lease area to keep livestock away from the project site. The contractor has now broken ground at the site and started to remove the topsoil from the stockpile area. The entire civil works, including construction of site access and the stockpile areas, as well as removal and stockpiling of the overburden from the planned open pit, is expected to take approximately 30 business days to complete. By this time, the Company hopes to have also received the Trial Mining permit.

Drill Programme

The Company has also started the preparation for a new 35 hole air core drill programme at the project. The aim of this drill programme is to increase the size of the current resource to support an increased mine life and production rate as well as define the full extent of the mineralisation at Maximus. All the drill hole locations have now been surveyed and work on preparing the drill pads commenced yesterday. The drilling contractor is expected on site mid-October and the programme is expected to take 25 days to complete, after which the core will be sampled and sent for assay.

Please see the below links to selected figures illustrating the progress at site.

Executive Chairman of Harvest, Brian McMaster, commented: "We are very pleased with the progress to date. The completion of these initial civil groundworks is expected to coincide with the award of the Trial Mining permit, allowing us to start production around the end of October, well ahead of schedule. Meanwhile, the drill programme should allow us to increase the size of the resource enabling us to demonstrate long term supply to potential customers."

Enquiries:

 
 Harvest Minerals        Brian McMaster,         Tel: +61 8 9200 
  Limited                 Chairman                          1847 
 Strand Hanson           Rory Murphy            Tel: +44 20 7409 
  Limited (Nominated      James Spinney                     3494 
  & Financial             Ritchie Balmer 
  Adviser) 
 
   Mirabaud Securities     Rory Scott               Tel: + 44 20 
   LLP (Broker)                                        7878 3360 
 
   Beaufort Securities     Jon Bellis 
   Ltd                                              Tel: + 44 20 
   (Joint Broker)                                      7382 8300 
                           Bobby Morse 
   Buchanan                Anna Michniewicz 
   (Financial PR)                               Tel: +44 20 7466 
                                                            5000 
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Click here to view Figure 1: Initial Plant Arriving at Site

http://www.rns-pdf.londonstockexchange.com/rns/9896K_-2016-9-27.pdf

Click here to view Figure 2: Excavator starting removal of topsoil in preparation of the commencement of opening pit mining

http://www.rns-pdf.londonstockexchange.com/rns/9896K_-2016-9-27.pdf

Click here to view Figure 3: Plan of Stockpile Area

http://www.rns-pdf.londonstockexchange.com/rns/9896K_-2016-9-27.pdf

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCAKODKPBKDNCB

(END) Dow Jones Newswires

September 28, 2016 02:00 ET (06:00 GMT)

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