Award of Full Environmental Permit

RNS Number : 0624S

Harvest Minerals Limited

04 November 2019

 

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

4 November 2019

Harvest Minerals Limited ('Harvest' or the 'Company')

Award of Full Environmental Permit

Harvest Minerals Limited, the AIM listed remineraliser producer is pleased to announce that the Brazilian Environmental Department ('Superintendencia Regional de Regularização Ambiental' or 'SUPRAM') has issued a full environmental permit for the Company's Arapua remineraliser project.

The permit allows the Company to mine and process up to 400Ktpa which can be further increased when required. In addition, the Company has been granted permission by SUPRAM to further increase the size of the run-of-mine ('ROM') storage areas and clear some other areas to assist production as required.

The award of the full mining permit by the Agência Nacional de Mineração ('ANM') is expected to follow in due course. Meanwhile the Company continues to operate unhindered pursuant to its current trial mining licence, which is valid until Q2, 2021.

Brian McMaster, Executive Chairman of Harvest stated, "As a producer of an organic product, we are very aware of environmental considerations.  Sustainability is a key consideration for Harvest and we aim to have minimal environmental impact.  Our production facilities don't use any water nor produce any waste. Additionally, we are looking at other initiatives to minimise our environmental footprint going forward.  In addition to the environmental considerations, it is important that the permit allows us to produce at a rate above current name plate capacity and also that SUPRAM has consented to the ROM and storage area expansions.  As we announced recently, we are increasing production areas in anticipation of next year and beyond and having the environmental consent to move forward is very important."

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

*ENDS*

For further information please visit www.harvestminerals.net or contact:

Harvest Minerals Limited	Brian McMaster (Chairman) Dr Mark Heyhoe (COO)	Tel: [phone]
Strand Hanson Limited Nominated & Financial Adviser	James Spinney Ritchie Balmer Jack Botros	Tel: [phone]
Shard Capital Partners Broker	Damon Heath	Tel: [phone]
St Brides Partners Ltd Financial PR	Isabel de Salis	Tel: [phone]

Notes

Harvest Minerals Limited (HMI.L) is an AIM-quoted low-cost and high margin Brazilian remineraliser producer, located in the largest and fastest growing fertilizer market in Brazil.

Our product, KPFértil, is a registered and approved organic multi-nutrient direct application remineraliser. It contains many of the essential nutrients and minerals required by plants and, unlike traditional fertilisers, it does not require any complex processing or chemically alteration, instead it can be applied directly to crops.

KPFértil is produced at the wholly owned Arapua project that consists of a fully permitted mine, production and storage facilities able to produce and deliver KPFértil to customers. Known mineralisation at the Project is expected to support 100+ years' production at 450Ktpa.

 

END

 

 

MSCLLFSTLLLVIIA