8 Jan 2015 07:00
8 January 2015
Sirius Minerals Plc
Approvals status update
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") provide an update on the approvals process and a possible decision date from one of the local authorities for the determination of the key planning application for the York Potash Project.
The mine and mineral transport system planning applications were submitted to the relevant local authorities by York Potash Limited ("YPL") on 30 September 2014. The local authorities are the North York Moors National Park Authority ("NYMNPA") and Redcar and Cleveland Borough Council ("RCBC"). The Company's announcement of the 23 December 2014 confirmed that dates for the determination of the applications have not been confirmed.
Planning officers at NYMNPA have now published an update for members of its planning committee, which is available on the NYMNPA website. Although the NYMNPA is not yet in a position to confirm a specific date, it indicates that officers have undertaken a 'critical path analysis'. This has concluded that a 16 week period will be required between submission of any Supplementary Environmental Information and the determination of the application at a planning committee meeting. Based on current estimates this is likely to lead to a determination in May 2015.
RCBC has not yet given an indication on determination timeframes. Once dates have been set for either application then the Company will update the market accordingly.
For further information, please contact:
Sirius Minerals Plc Investor Relations
|
Email: ir@siriusminerals.com |
Tel: +44 845 524 0247 |
Joint Brokers Liberum Capital Limited |
Clayton Bush |
Tel: +44 20 3100 2222 |
Macquarie Capital (Europe) Limited (NOMAD) | Steve Baldwin, Raj Khatri | Tel: +44 20 3037 2000 |
WH Ireland
| Adrian Hadden | Tel: +44 20 7220 1666 |
Media Enquiries Tavistock | Jos Simson, Mike Bartlett, Emily Fenton | Tel: +44 20 7920 3150 |
Warrant Trading Enquiries Liberum Capital Limited |
Simon Smith |
Tel: +44 20 3100 2171 |
About Sirius Minerals Plc
Sirius Minerals is a potash development company with properties in the United Kingdom (North Yorkshire) and the United States (North Dakota). Its primary focus is the development of the York Potash Project which has the world's largest and highest grade deposit of polyhalite, a multi-nutrient form of potash containing potassium, sulphur, magnesium and calcium. Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in the United States on the OTCQX through a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.