Last checked at 19 Mar 2018 07:00
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
19 March 2018
Harvest Minerals Limited
("Harvest" or the "Company")
Board Change
Harvest Minerals Limited, the AIM listed fertiliser producer, announces that Mr David Burton has unexpectedly resigned from the Board of Directors for personal reasons. The Company sincerely wishes him well for the future and thanks him for his contribution to Harvest.
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 (Chairman) | Tel: +44 (0) 20 7317 6629 |
Strand Hanson Limited (Nominated & Financial Adviser) | James Spinney Ritchie Balmer | Tel: +44 (0)20 7409 3494 |
Shard Capital Partners LLP | Damon Heath | Tel: +44 (0) 207 186 9900 |
St Brides Partners Ltd | Isabel de Salis Gaby Jenner | Tel: +44 (0)20 7236 1177 |
Notes
Harvest Minerals (HMI.L) owns the Arapua Fertiliser Project in Brazil, which produces and sells KPfértil, a proven, multi-nutrient, slow release, natural fertiliser and remineraliser, that 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% K2O and 2.49% P2O5. 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. Given that Brazil currently imports 90% of the fertiliser it uses but has set a target to be self-sufficient in fertilisers by 2020, Harvest is ideally placed to address the increasing demand for locally produced fertiliser.