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| 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% | 2.00 | 1.90 | 2.10 | 2.00 | 2.00 | 2.00 | 124,033 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 8.63M | 198k | 0.0010 | 20.00 | 3.78M |
From May 2019 to May 2024
TIDMHMI
RNS Number : 7555P
Harvest Minerals Limited
05 September 2017
5 September 2017
To view the press release with the photographs, please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/7555P_-2017-9-4.pdf
Harvest Minerals Limited
("Harvest" or the "Company")
Excellent Coffee Agronomic Test Results from the Arapua Fertiliser Project
Harvest Minerals Limited, the AIM quoted fertiliser development company, is pleased to announce further positive results from the ongoing agronomic test work conducted on KPfértil, its direct application natural fertiliser and remineraliser product produced from the Company's 100% owned Arapua Fertiliser Project in Brazil ("Arapua").
Highlights
-- Results of tests conducted over 180 days on juvenile (+/-1.5 year) and mature (+12 year) coffee plants indicate that KPfértil, a completely natural, slow release, single product fertiliser, is as effective as traditional fertilisers in supplying potassium ("K") and phosphate ("P") to plants
-- As part of the test, a total of 12 treatments were applied to compare KPfértil to conventional fertilisers as a source of K and P
-- Results are part of the ongoing agronomic efficiency study on the application of KPfértil on coffee crops
-- Further tests will be conducted to examine the long-term benefits of using KPfértil over conventional fertilisers
Santinato & Santinato Cafés Ltda ('Santinato'), a renowned agronomic consulting company in Brazil specialising in coffee cultivation, conducted the tests at one of the Veloso Agropecuária ('Veloso') coffee plantations. Veloso is considered one of the largest coffee producers in the Brazilian Cerrado.
Harvest's Executive Chairman, Brian McMaster, said, "These results are excellent and build on the successful tests carried out on rice crops which demonstrated a substantial increase in dry matter production following the application of KPfértil. We have identified the coffee growers in the Cerrado Region as an important customer base and tests results indicating that our local, 100% organic product acts as efficiently as imported KCl, a conventional source of potassium, represent a significant outcome for Harvest. We expect further results from these tests over the coming months, but our focus is now on registering KPfértil with the Ministry of Agriculture, Livestock and Supply ('MAPA') and achieving our first sales. Supported by the test results we have received to date we have been introducing KPfértil to potential end-users and distributors."
Further Information - Agronomic Efficiency Study in Coffee Crops
The purpose of the study is to compare the effects of applying KPfértil against conventional fertilisers as a source of K and P in both juvenile (+/-1.5 years old) and mature (+12 years old) coffee plants. A total of twelve treatments were applied to both the juvenile and mature coffee plants, being six for potassium (table 1) and six for phosphate (table 2).
Table 1 - Potassium Treatments Applied and dosages
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Treatment Source Juvenile Mature Coffee
Coffee
---------- -------------------- --------- ---------------
Dose Dose
K(2) O K(2) O (kg/ha)
(kg/ha)
---------- -------------------- --------- ---------------
Control (without
1 K) 0 0
KCl (conventional
2 source of K) 200 500
KPfértil
3 (powder) 200 500
KPfértil
4 (powder) 300 750
KPfértil
(powder) + 5 t/ha
5 coffee straw 200 500
KCl + 5 t/ha coffee
6 straw 200 500
---------- -------------------- --------- ---------------
Table 2 - Phosphate Treatments Applied and Dosages.
Treatment Source Juvenile Mature Coffee
Coffee
---------- ---------------------- ----------- ------------------
Dose Dose
P(2) O(5) P(2) O(5) (kg/ha)
(kg/ha)
---------- ---------------------- ----------- ------------------
Control (without
1 P) 0 0
Triple Superphosphate
(TSP, a conventional
2 source of P) 80 150
KPfértil
3 (powder) 80 150
KPfértil
4 (powder) 120 225
KPfértil
(powder) + 5 t/ha
5 coffee straw 80 150
TSP + 5 t/ha coffee
6 straw 80 150
---------- ---------------------- ----------- ------------------
After the treatments had been applied for 180 days, the coffee plants were harvested and submitted for biometric evaluation, which is one of the main indicators of agronomic efficiency. At this first stage the biometric measurements used were the offshoot length, the number of nodes and the internode length.
Please see the PDF attached for Figure 1: Treatment of KPfértil and coffee straw applied to juvenile coffee plants
Results
The detailed results of the test are contained in Tables 3 through 6 below.
These tests were conducted over a relatively short time frame of 180 days. However, even over this short time frame, it was demonstrated that there was no statistical difference in the biometric parameters between KPfértil and KCl at the 100% dose for both juvenile and mature coffee plants.
Table 3 - Biometric measurements for K from Juvenile Coffee Crops after 180 days trial.
Treatment Source Offshoot Number Internode
Length of Nodes Length
---------- -------------------- --------- ---------- ---------
Control (without 22,35 6,67 23,07
1 K) b b b
2 KCl (conventional 24,54 7,49 26,88
source of K) a a a
3 KPfértil 24,26 7,58 26,27
(powder) a a a
4 KPfértil 23,76 7,52 25,75
(powder) ab a ab
5 KPfértil 24,03 7,48 24,47
(powder) + 5 t/ha a a ab
coffee straw
6 KCl + 5 t/ha coffee 23,73 7,51 25,52
straw ab a ab
---------- -------------------- --------- ---------- ---------
*The letters in each column signify which values (Means) are the same when using the Tukey test at 5% probability.
Table 4 - Biometric measurements for K from Mature Coffee Crops after 180 days trial.
Treatment Source Offshoot Number Internode
Length of Nodes Length
---------- -------------------- --------- ---------- ---------
1 Control (without 13,57 4,44 32,54
K) a ab a
2 KCl (conventional 14,46 4,75 35,63
source of K) a ab a
KPfértil 12,93
3 (powder) a 4,3 b 34,3 a
4 KPfértil 13,55 4,53 35,48
(powder) a ab a
5 KPfértil 14,62 4,84 35,22
(powder) + 5 t/ha a a a
coffee straw
KCl + 5 t/ha coffee 14,47 4,58
6 straw a ab 38,3 a
---------- -------------------- --------- ---------- ---------
*The letters in each column signify which values (Means) are the same when using the Tukey test at 5% probability.
Table 5 - Biometric measurements for P from Juvenile Coffee Crops after 180 days trial.
Treatment Source Offshoot Number Internode
Length of Nodes Length
---------- -------------------- --------- ---------- ---------
1 Control (without 23,3 7,48 24,33
P) a a a
2 TSP (conventional 24,13 7,93 24,28
source of P) a a a
3 KPfértil 24,03 7,86 24,99
(powder) a a a
KPfértil 23,53 24,98
4 (powder) a 7,8 a a
5 KPfértil 23,17 7,74 24,89
(powder) + 5 t/ha a a a
coffee straw
6 TSP + 5 t/ha coffee 24,34 7,84 25,37
straw a a a
---------- -------------------- --------- ---------- ---------
*The letters in each column signify which values (Means) are the same when using the Tukey test at 5% probability.
Table 6 - Biometric measurements for P from Mature Coffee Crops after 180 days trial.
Treatment Source Offshoot Number Internode
Length of Nodes Length
---------- -------------------- --------- ---------- ---------
1 Control (without 15,97 5,15 30,28
P) ab a ab
TSP (conventional 15,03 28,15
2 source of P) b 5,0 a b
3 KPfértil 15,65 5,06 28,78
(powder) ab a ab
4 KPfértil 17,6 5,44 32,42
(powder) a a ab
5 KPfértil 16,82 5,34 32,69
(powder) + 5 t/ha ab a a
coffee straw
6 TSP + 5 t/ha coffee 17,62 5,47 31,23
straw a a ab
---------- -------------------- --------- ---------- ---------
*The letters in each column signify which values (Means) are the same when using the Tukey test at 5% probability.
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: +61 8 9200
Limited (Chairman) 1847
Strand Hanson Limited James Spinney Tel: +44 (0)20
(Nominated & Financial Ritchie Balmer 7409 3494
Adviser)
Mirabaud Securities Rory Scott Tel: +44 (0)20
LLP 7878 3360
(Joint Broker)
Beaufort Securities Jon Belliss Tel: +44 (0)20
Ltd 7382 8300
(Joint Broker)
St Brides Partners Isabel de Salis Tel: +44 (0)20
Ltd 7236 1177
Olivia Vita
Notes:
Harvest Minerals (HMI.L) is a Brazilian focused fertiliser Company targeting low cost, near term development projects. The Company's primary focus is the development of its 100% owned Arapua Fertiliser Project from which it produces its KPFértil product, a proven, multi-nutrient, slow release, organic fertiliser and remineraliser, which is produced from a weathered potassium and phosphate rich lava and offers many economic and agronomic benefits. 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% K(2) O and 2.49% P(2) O(5) . This resource translates into a mine life of over 100 years at a rate of 450k tonnes per annum and crucially is based on drilling just 6.7% of the known mineralisation, leaving significant upside potential. With a trial mining licence in place allowing Harvest to extract 50kt of product on a rolling basis, whilst the full mining licence application process is underway, and official registration of KPfértil as a remineraliser expected by the end of 2017, Harvest is ideally placed to address the significant demand for locally produced fertiliser in Brazil; Brazil has abundant agricultural land but lacks domestic fertiliser, with the country currently importing 90% of the potash it uses. Furthermore, the Brazilian government has set a target to be self-sufficient in fertilisers by 2020, creating significant market opportunity for Harvest and its KPfértil product.
The Company has four assets at various stages of development and continues to explore other opportunities that fit its investment criteria.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBDGDCLSGBGRS
(END) Dow Jones Newswires
September 05, 2017 02:00 ET (06:00 GMT)
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