15 Feb 2010 07:00
For immediate release: Monday 15 February 2010, 7AM
Sirius Exploration PLC
("Sirius" or "the Company")
Initiation of Edison Investment Analyst Coverage
The Directors of Sirius (AIM: SXX, OTC: SRUXY), the mining and exploration company focused on salt and potash deposits in North America and Australia, are pleased to inform shareholders that Edison Investment Research Limited ("Edison") will now be generating quarterly independent research reports on the Company. The first report is expected to be published in March 2010.
Edison is Europe's leading independent investment research company, generating and distributing research to a global audience including investment banks, institutional investors as well as professional investors and relevant members of the investment community.
Richard Poulden, Chairman and CEO of Sirius, commented:
"We are pleased that Edison has agreed to undertake regular coverage of the Company. It will provide investors with an additional perspective on valuations and forecasts for the Company which will complement those notes generated by our Broker, Daniel Stewart."
Future Edison reports on the Company will be available for viewing at www.edisoninvestmentresearch.co.uk and on the Company's website, www.siriusexploration.com.
Enquiries:
Sirius Exploration PLC
Richard Poulden, Chairman Tel: + 971 504 524 994
Richard.poulden@siriusexploration.com
Beaumont Cornish Limited
Roland Cornish Tel: +44 (0)20 7628 3396
Daniel Stewart & Company plc
Simon Leathers/Oscar Louzada Tel: + 44 (0) 20 7776 6550
Gth Media Relations
Toby Hall/Christian Pickel Tel: + 44 (0) 20 7153 8036
Notes to Editor:
Sirius Exploration Plc is focused on commercialising properties that sit over known salt and potash deposits through a combination of mining and developing energy and CO2 storage related projects for its properties. The Company's operations include interests in properties that overlie significant salt and potash deposits in North American and Australia.
To this end, Sirius has acquired the Intellectual Property and the issued share capital of three research and development companies focused on innovative new technologies for developing its properties post the mining phase. These technologies cover storing CO2 in the salt caverns created through solution mining, approaches for safely sequestering CO2 in underground salt beds, and the development of new CO2 based Compressed Air Energy Storage facilities for generating electricity.
Sirius also continues to maintain its historic copper and gold interests in Macedonia and iron ore interest in China via its equity position in a CIC Mining Resources Ltd vehicle.
Incorporated in October 2003 as a private company, Sirius subsequently re-registered as a public company on 22 March 2005 when it was admitted to AIM. The Company's shares are additionally traded in North America as American Depository Receipts "ADR's" on the OTC Pink Sheets market.