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Harvest Minerals Ltd (HMI)

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Thursday 11 January, 2018

Harvest Minerals Ltd

Appointment of Joint Broker

RNS Number : 5287B
Harvest Minerals Limited
11 January 2018
 

 

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

11 January 2018

Harvest Minerals Limited

("Harvest" or the "Company")

               

Appointment of Joint Broker

 

Harvest Minerals Limited, the AIM listed fertiliser development company, today announces that Shard Capital Partners LLP ('Shard') will replace Mirabaud Securities Ltd as joint broker to the Company.  Beaufort Securities Ltd remains as joint broker to the Company.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

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

Beaufort Securities Ltd

(Joint Broker)

Jon Belliss

Tel: +44 (0)20 7382 8300

Shard Capital Partners LLP

(Joint Broker)

Damon Heath

 

Tel: +44 (0) 207 186 9900

St Brides Partners Ltd

Isabel de Salis

Tel: +44 (0)20 7236 1177

 

Olivia Vita

 

 

Notes:

Harvest Minerals (HMI.L) is a Brazilian focused fertiliser Company targeting low cost, near term development projects.  The Company's primary focus is the development of its 100% owned Arapua Fertiliser Project from which it produces its KPfértil product, a proven, multi-nutrient, slow release, organic fertiliser and remineraliser, which is produced from a weathered potassium and phosphate rich lava and 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.  With a trial mining licence in place, allowing Harvest to extract 50kt of product on a rolling basis whilst the full mining licence application process is underway, and official registration of KPfértil as a remineraliser expected by the end of 2017, Harvest is ideally placed to address the significant demand for locally produced fertiliser in Brazil; Brazil has abundant agricultural land but lacks domestic fertiliser, with the country currently importing 90% of the fertiliser it uses.  Furthermore, the Brazilian Government has set a target to be self-sufficient in fertilisers by 2020, creating significant market opportunity for Harvest and its KPfértil product.   Additionally, the Company has four assets at various stages of development and continues to explore other opportunities that fit its investment criteria.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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