1 Jul 2015 07:30
1 July 2015
Sirius Minerals Plc
Approvals update - Mine permit approval
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") provide an update on the approvals process for the York Potash Project ("the Project").
Members of the North York Moors National Park Authority have resolved to grant permission for the Project's mine and mineral transport system planning application subject to the finalisation of the Section 106 Agreement and final wording of conditions. Members made the decision at yesterday's special planning committee meeting.
Chris Fraser, Managing Director and CEO of Sirius, comments:
"This is really just the beginning for the Company - we have made a major step forward and now have a pathway to reaching production and unlocking ever more value for our shareholders.
"We are grateful to the members of the Authority for their positive consideration of the application and we thank our many loyal supporters, investors and customers for their patience in helping us to get to this stage.
"The case for the Project has always been compelling because it will not only generate so many jobs and economic benefits, but also because it is accompanied by such extensive mitigations, safeguards and environmentally sensitive design. We now look forward to delivering it."
The Company will provide a separate update to the market next week which will provide a full status update and detail the next steps and milestones on the way to reaching first production.
The Company's ordinary shares will now recommence trading.
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) | Ken Fleming, Nick Harland, Nick Stamp | 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 the potash development company focused on the development of the York Potash Project in the United Kingdom, 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.