Statement re broker

RNS Number : 5619G

Harvest Minerals Limited

02 March 2018

 

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

2 March 2018

Harvest Minerals Limited

('Harvest' or the 'Company')

Statement re broker

Harvest, the AIM listed fertiliser development company, notes the announcement made today by the Financial Conduct Authority relating to the administration of Beaufort Securities Limited ("Beaufort") and Beaufort Asset Clearing Services Limited and which requires Beaufort to cease all regulated activity.

Accordingly, Harvest confirms that Shard Capital Partners LLP will act as the Company's sole broker with immediate effect.

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)	Tel: [phone]
Strand Hanson Limited (Nominated & Financial Adviser)	James Spinney Ritchie Balmer	Tel: [phone]
Shard Capital Partners (Joint Broker)	Damon Heath	Tel: [phone]
St Brides Partners Ltd	Isabel de Salis	Tel: [phone]

Notes:

Harvest Minerals (HMI.L) is a Brazilian focused fertiliser producer advancing the 100% owned Arapua Fertiliser Project, which produces KPfértil, a proven, multi-nutrient, slow release, organic fertiliser and remineraliser.  KPfértil offers many economic and agronomic benefits and addresses the significant demand for locally produced fertiliser in Brazil, with its abundant agricultural land; currently, the country imports 90% of the potash it uses but has a target to be self-sufficient in fertilisers by 2020.  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. 

 

END

 

 

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