21 Sep 2012 07:00
21 September 2012
Sirius Minerals Plc
Surrender of Canning Basin Tenements
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company"), the globally diversified potash development group, announce the surrender of the Company's interests in tenements in the Canning Basin in Western Australia.
Chris Fraser, Managing Director and CEO of Sirius said:
"The focus of Sirius is on the flagship York Potash Project and consistent with this approach, the Company has decided to discontinue studies on the Canning Basin due to the lack of prospectivity and the high carrying cost of the tenements. Sirius remains committed to developing a portfolio of projects and assesses all potential projects on a balanced risk and reward basis."
For further information, please contact:
Sirius Minerals Plc | |||
Peter McLennan(General Manager - Commercial) | Tel: +44 8455 240 247
| Email: info@siriusminerals.com | |
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About Sirius Minerals Plc
Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits. Today it holds properties in the United Kingdom (North Yorkshire), the United States (North Dakota), and Australia (Queensland). 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.
Sirius Minerals (SXX)