Harvest Minerals Limited MAPA Approval for New Big Bag Facility (8583M)

TIDMHMI

RNS Number : 8583M

Harvest Minerals Limited

19 September 2019

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

19 September 2019

Harvest Minerals Limited ('Harvest' or the 'Company')

MAPA Approval for New Big Bag Handling and Storage Facility

Harvest Minerals Limited, the AIM listed fertiliser producer, is pleased to announce that the Ministry of Agriculture ('Ministério da Agricultura', or 'MAPA') has issued approval for the Company's new "big bag" handling and storage facility, located at the Arapua Project ('Arapua'), where it produces KPFértil, a multi-nutrient direct application natural remineraliser.

Key Points

-- Big bag handling and storage facility located adjacent to existing KPFértil production facility

-- MAPA approval enables the marketing and distribution of KPFértil in one tonne bags, supplementing current bulk sales

-- New storage facility with capacity to hold 500 one tonne big bags completed and certified by MAPA

   --    One tonne big bag suited for the smaller scale agricultural market and co-operatives 

Brian McMaster, Executive Chairman of Harvest stated, "The focus this year has been on sales and marketing, continuing to improve our facilities and increase our efficiency in order to better serve our customers as we build a sustainable business. We were delighted to receive the necessary MAPA approval to advance our one tonne big bag marketing and distribution initiatives as the ability to distribute KPFértil in one tonne big bags will help us to service a broader range of clients, as well as assist in marketing KPFértil to new customers."

To view this announcement with illustrative images, please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/8583M_1-2019-9-18.pdf

Full Details

The planned expansion to the Company's storage capacity (as per the announcement dated 11 November 2018) was completed on schedule and budget during Q2 2019 and incorporated the required equipment to handle and fill one tonne big bags. The new facilities are adjacent to the existing production facility and have the capacity to store 500 one tonne big bags.

Before commissioning, the new facilities were inspected and approved by the MAPA. Representatives from MAPA visited the project on 21 August 2019 and following a thorough inspection, the new storage facilities, bulk bag handling equipment and bulk bags including labelling have now been approved for use.

Figure 1: New "Big Bag" storage facility and loader

Figure 2: Big bag labels

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 Limited         Brian McMaster    Tel: [phone] 
                                   (Chairman)        6629 
                                   Dr Mark Heyhoe 
                                   (COO) 
 
 Strand Hanson Limited            James Spinney     Tel: [phone] 
  Nominated & Financial Adviser    Ritchie Balmer    3494 
                                   Jack Botros 
 
 Shard Capital Partners           Damon Heath       Tel: [phone] 
  Broker                                             9900 
 
 St Brides Partners Ltd           Isabel de Salis   Tel: [phone] 
  Financial PR                     Gaby Jenner       1177 
 

Notes

Harvest Minerals Limited (HMI.L) is an AIM-quoted low-cost and high margin Brazilian fertiliser producer, located in the heart of the largest and fastest growing fertilizer market in Brazil.

Our product, KPFértil, is a registered and approved organic multi-nutrient direct application fertiliser. It contains many of the essential nutrients and minerals required by plants and, unlike most fertilisers, it does not require any complex processing or chemically alteration, instead it can be applied directly to crops.

KPFértil is produced at the wholly owned Arapua project, that consists of a fully permitted mine, production and storage facilities able to produce and deliver KPFértil to customers. Known mineralisation at the Project is expected to support 100+ years' production at 450Ktpa.

Our focus now remains on growing our business and we have the dedicated in-country sales and marketing team with the skills, experience and contacts to sell KPFértil into the potential multi-Mtpa market on the doorstep of the Project.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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September 19, 2019 02:00 ET (06:00 GMT)