Last checked at 23 Sep 2020 08:30
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
23 September 2020
Harvest Minerals Limited ('Harvest' or the 'Company')
Annual Report and Interim Reporting Timeline
Harvest Minerals Limited, the AIM listed remineraliser producer, is pleased to provide the following update on the status of its 2019 Annual Report and Accounts and its interim results reporting timeline.
Annual Report and Accounts
The Company will release its 2019 Annual Report prior to 30 September 2020.
As announced on 17 October 2019, the Company changed its financial year end date from 30 June to 31 December. As a result of the Company's change in year end date, it is not able under accounting standards to produce audited results for the 12 months ended 31 December 2019. The 2019 Annual report will cover the six month audited period to 31 December 2019, as well as the 12 month audited period to 30 June 2019 (which has already been announced). The first time it will be able to produce 12 month audited results for its revised year end of 31 December will be for the 12 months ended 31 December 2020.
At the time of releasing the 2019 Annual Report, the Company will also provide a trading update for the 9 months to 30 September 2020.
Interim Results Reporting Timeline
In line with the guidance issued by AIM Regulation in an Inside AIM notification dated 9 June 2020, and the ongoing COVID-19 related disruption to processes, the Company is availing of the one month extension to the date by which it is required under AIM Rule 18 to publish its interim accounts for the six months ended 30 June 2020. Accordingly, the Company is required to publish its 2020 interim accounts by 31 October 2020.
*ENDS*
For further information, please visit www.harvestminerals.net or contact:
Harvest Minerals Limited | Brian McMaster (Chairman)
| Tel: +44 (0) 203 940 6625 |
Strand Hanson Limited Nominated & Financial Adviser | James Spinney Ritchie Balmer Jack Botros | Tel: +44 (0) 20 7409 3494 |
Shard Capital Partners Broker | Damon Heath | Tel: +44 (0) 20 7186 9900 |
St Brides Partners Ltd Financial PR | Charlotte Page Beth Melluish | Tel: +44 (0) 20 7236 1177 |
Notes
Harvest Minerals Limited (HMI.L) is an AIM-quoted low-cost and high margin Brazilian remineraliser producer, located in the heart of the largest and fastest growing fertiliser market in Brazil.
The company's 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.
Harvest's focus now remains on growing its business and the Company 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 announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014