Harvest Minerals Share Discussion Threads

[dice1950] 23/8/2016 08:04

Harvest Upbeat On Product From Arapua, To Drill Before End Of 2016

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LONDON (Alliance News) - Harvest Minerals Ltd Tuesday said the results from the latest agronomic and metallurgical testwork conducted at the Maximus prospect, part of its Arapua fertiliser project in the Brazilian state of Minas Gerais, have met expectations by delivering "positive results".


The company said no toxic elements are present within the product tested at the site and said the solubility results were "excellent". Solubility measures how much of a substance will dissolve in a given volume of a liquid.


Results showed total solubility for phosphorus pentoxide ranging from 50.4% to 53.36% and for potassium oxide, solubility ranged from 90.99% to 95.0% in 2.0% citric acid - which is close to the acidity levels of the soils in Cerrado area where the Maximus project is located.


The pH, referring to the scale that measures how acidic a substance is, ranged from 6.54 to 6.74, which Harvest said was "almost neutral", supporting the products potential as a sopil neutraliser as well as a "remineraliser", meaning it could be capable of helping soil recover lost nutrients.


As a result, the company has elected to make an application for its Direct Application Natural Fertiliser products at Maximus to be classified as a "soil remineraliser" with the Brazilian Ministry of Agriculture, Livestock and Supply.


"Whilst not a compulsory registration, Harvest considers that seeking the accreditation could offer long term marketing benefits moving forward," said the business. "The results of this testwork were all well within the required specifications for a soil mineraliser and have exceeded the company's expectations."


Harvest said metallurgical testwork supports that the product grades can be increased through a simple wet sieving process.


"The significance of this [metallurgical] testwork is, in part, that it offers Harvest the option to be able to produce and market products with different grades in order to service different market sectors as commercial production develops," said Harvest.


The company said the application submitted to obtain a trial mining licence is still progressing whilst the environmental permit, which is needed before the trial mining permit can be secured, is expected "in the next few weeks".


A mining contractor should be appointed within the next month and site works will start once the environmental permit has been awarded.


Additionally, based on the strength of the drilling and lab results to date, Harvest intends to undertake a drilling programme by the end of the year to define the existing mineralisation, increase the current indicated resource and possibly the life of the mine and to evaluate whether production could be increased from the current plan.


Harvest said it will start conducting further kinetic and agronomic efficiency testing by late September, with the results to assist in identifying product classification and optimization for commercial production, post the initial trial mining period.


By Joshua Warner; [e-mail]; @JoshAlliance

[soulsauce] 23/8/2016 08:03

Morning CC. Should be a good day.

[dice1950] 23/8/2016 08:01

Harvest Upbeat On Product From Arapua, To Drill Before End Of 2016

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LONDON (Alliance News) - Harvest Minerals Ltd Tuesday said the results from the latest agronomic and metallurgical testwork conducted at the Maximus prospect, part of its Arapua fertiliser project in the Brazilian state of Minas Gerais, have met expectations by delivering "positive results".


The company said no toxic elements are present within the product tested at the site and said the solubility results were "excellent". Solubility measures how much of a substance will dissolve in a given volume of a liquid.


Results showed total solubility for phosphorus pentoxide ranging from 50.4% to 53.36% and for potassium oxide, solubility ranged from 90.99% to 95.0% in 2.0% citric acid - which is close to the acidity levels of the soils in Cerrado area where the Maximus project is located.


The pH, referring to the scale that measures how acidic a substance is, ranged from 6.54 to 6.74, which Harvest said was "almost neutral", supporting the products potential as a sopil neutraliser as well as a "remineraliser", meaning it could be capable of helping soil recover lost nutrients.


As a result, the company has elected to make an application for its Direct Application Natural Fertiliser products at Maximus to be classified as a "soil remineraliser" with the Brazilian Ministry of Agriculture, Livestock and Supply.


"Whilst not a compulsory registration, Harvest considers that seeking the accreditation could offer long term marketing benefits moving forward," said the business. "The results of this testwork were all well within the required specifications for a soil mineraliser and have exceeded the company's expectations."


Harvest said metallurgical testwork supports that the product grades can be increased through a simple wet sieving process.


"The significance of this [metallurgical] testwork is, in part, that it offers Harvest the option to be able to produce and market products with different grades in order to service different market sectors as commercial production develops," said Harvest.


The company said the application submitted to obtain a trial mining licence is still progressing whilst the environmental permit, which is needed before the trial mining permit can be secured, is expected "in the next few weeks".


A mining contractor should be appointed within the next month and site works will start once the environmental permit has been awarded.


Additionally, based on the strength of the drilling and lab results to date, Harvest intends to undertake a drilling programme by the end of the year to define the existing mineralisation, increase the current indicated resource and possibly the life of the mine and to evaluate whether production could be increased from the current plan.


Harvest said it will start conducting further kinetic and agronomic efficiency testing by late September, with the results to assist in identifying product classification and optimization for commercial production, post the initial trial mining period.


By Joshua Warner; [e-mail]; @JoshAlliance

[glenkaz] 23/8/2016 08:00

Holders will be the big winners here for sure!!!! I'm gonna get all I can this smells of money! 💵💶💵💶8181; 🤒 Gla!

[mrphiljones] 23/8/2016 07:58

Great news but 30p now WHY?.....be careful people the rampers are out to get your cash.....:-))

[nikki40] 23/8/2016 07:55

Soul I think my write was better:-)

[nikki40] 23/8/2016 07:55

Lovely jubbly

[charles clore] 23/8/2016 07:55

Good morning Soul. The sky is blue here and it looks like we're in for a good day!

[soulsauce] 23/8/2016 07:52

WOW!! Well that RNS couldn't have been better could it. Well done HMI.

[nikki40] 23/8/2016 07:49

Upcoming news flowSeptember - Appointing mining contractor September - The environmental permit.September - decision from MAPA and Campo Agronomic Lab re scope of further kinetic and agronomic efficiency (plant growth) testing.Around September - Government accreditation through the Direct Application Natural Fertiliser (DANF).Around December - The trial mining permit.End of Year - Additional drilling programme to define quality of the known mineralisation with possible outcome to 1. sell to different market segments as a "stonemeal/remineraliser" "Potassium and Phosphorous fertiliser".2. Increase the current indicated resource.3. Increase the mine life and/ or 4. Allow for increased production as demand grows for Harvest's products.END OF YEAR - MINING PRODUCTION Result: Chairman said today:"We've got something that's really cheap to operate, really cheap to build. We've got enough cash already to get the project into production and it's something that's really quite special"

[charles clore] 23/8/2016 07:47

Snagglepuss - I hope you are not short but it sounds like you are!

[glenkaz] 23/8/2016 07:41

lets hope big buyers come in and hold!!!!! For licenses! Gla! 🤒

[5baggersrus] 23/8/2016 07:36

Basically they have a couple of different grades? .....but still no trial mining permit....and will undertake another test drilling program end of year .... and more lab/test work ....

....still target 12p after today's news although the mongs might push it higher for the morning session

[dice1950] 23/8/2016 07:33

UP pre-open

[nikki40] 23/8/2016 07:27

Big confidence demonstrated. Theyre going over and beyond thw minimum:"Whilst not a compulsory registration, Harvest considers that seeking the accreditation could offer long term marketing benefits moving forward. As part of the application process, agronomic testwork has been carried out at the Campo Agronomic Lab in Brazil in accordance with MAPA guidelines for testing fertilisers."

[cherylc] 23/8/2016 07:21

Harvest Minerals (HMI) Innovative use of fertilizers revives hope for Africa’s Green Revolution
23rd August 2016

[glenkaz] 23/8/2016 07:11

Wake up you fertiliser boffins!! Let's have your views please 🤒 Half of my prediction has come true! Can we get to 30p 🤔 🐳

[cherylc] 23/8/2016 07:10

Harvest Minerals Limited / HMI Executive Chairman Brian McMaster stated: well beyond our expectations
23rd August

[glenkaz] 23/8/2016 07:07

Hey u lot! Rns out! Looks great! 30p please! 💶💶💶💶8176;💵ԁ76;🐳💰;💶💶💶💶
28182;💵€182;💰㈑6;💵💵💰💶💶💰8176;💶ԁ81;💶💰;💵💰💶💵
28176;💶 🤒

[dice1950] 23/8/2016 06:04

How much are we worth near term way ahead of SXX production imminent.NO BRAINER

SMALL CAP IDEAS: Great asset, decent management underpins Yorkshire potash firm Sirius Minerals
PUBLISHED: 13:40, 22 August 2016

[charles clore] 22/8/2016 22:28

HG - I think any decent short term traders would be out by now. Last week showed how low liquidity can quickly run up the share price and any future news will probably repeat the pattern. Well worth holding for those still in imho.

[5baggersrus] 22/8/2016 22:08

You comparing $ with £ .... ? 12p is a fairer price....for now at least IMO

[highly geared] 22/8/2016 22:00

Based on the above the market cap is up with NPV value so about right for present. Only small % of acreage proved up but with more acreage comes more Capex. Easy to get too far ahead but equally doesn't appear over valued.
Short term traders may take it down a bit more but looks a reasonable longer term hold?

[johndee] 22/8/2016 21:22

Fully funded as per the link in the last post:-


Harvest has published highlights of a scoping study for its Arapuá fertilizer project in Minas Gerais (next to Rio de Janeiro state).

Headline numbers include an NPV10 of $15m using a $50/t fertilizer sale price and upfront Capex of only $800k.

The study is based on the recently published resource and envisages a 100kt operation over 7 years.

It will form the basis of a trial mining operation which Harvest will build this year using existing funds (Harvest raised $3.6m in November last year).

Management are in the process of appointing mining contractors, a small mine permit application is with the authorities and first production is targeted in 4Q16.

Note that the 883kt resource (published July 26) is from only 3% of the known mineralisation on Harvest's licences. So if the project develops into a profitable operation, Harvest would drill-out a much larger resource and produce more tonnes for longer.

The ultimate size of the operation will depend on the market demand for Arapuá's product rather than the resource.

Very usefully, the Arapuá project is right in the middle of one of Brazil's largest agricultural regions.

[cherylc] 22/8/2016 21:07

Harvest Minerals (HMI) eyes start of trial production at Maximus
22nd August 2016