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14 Apr 2020 07:00
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
14 April 2020
Harvest Minerals Limited ('Harvest' or the 'Company')
Board and Management Changes
Harvest Minerals Limited, the AIM listed remineraliser producer, provides the following update on personnel changes.
Mr Frank Moxon has advised that he intends to step down as a Non-Executive Director, with effect from 30 June 2020 in order to pursue other interests. Mr Moxon has been a valued member of the Board since October 2015, shortly after the Company was admitted to trading on AIM.
Additionally, as part of, inter alia, the Company's cost saving initiatives previously announced, Mr David Edghill, the Company's CFO, has left the Company. The finance function of the Company will now be overseen by Executive Chairman, Mr Brian McMaster, who is a Member of the Institute of Chartered Accountants with the continued assistance of the Company's outsourced bookkeeping provider, Palisade Business Consulting.
Brian McMaster, Executive Chairman of Harvest stated, "The Board and I would like to thank Frank for all the support he has provided us as a non-executive director over the last four and a half years. We wish him well with his future endeavours. The Company remains registered in Australia with operations in Brazil and, as such, it has become clear that there are no efficiency gains in having a finance function in the UK. We thank David for his significant contribution to the business as CFO over the past 18 months and wish him well also with his future endeavours."
*ENDS*
For further information, please visit www.harvestminerals.net or contact:
Harvest Minerals Limited | Brian McMaster (Chairman) Dr Mark Heyhoe (COO) | 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
| 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 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 announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
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