Source - RNS
RNS Number : 9896K
Harvest Minerals Limited
28 September 2016
 

28 September 2016

Harvest Minerals Limited

("Harvest" or the "Company")

 

ARAPUA FERTILISER PROJECT UPDATE

Infrastructure Works and Preparation for New Drill Programme Commenced

Harvest Minerals Limited ("Harvest" or "the Company") is pleased to announce that it has started infrastructure work in preparation of commencing open pit mining and additionally, the Company is preparing the drill pads for the start of a new drill programme at its Maximus Phosphate Project, located in the Brazilian state of Minas Gerais.

Infrastructure Work

Last week, the Company carried out a topographic survey and started fencing the lease area to keep livestock away from the project site. The contractor has now broken ground at the site and started to remove the topsoil from the stockpile area. The entire civil works, including construction of site access and the stockpile areas, as well as removal and stockpiling of the overburden from the planned open pit, is expected to take approximately 30 business days to complete. By this time, the Company hopes to have also received the Trial Mining permit.

Drill Programme

The Company has also started the preparation for a new 35 hole air core drill programme at the project. The aim of this drill programme is to increase the size of the current resource to support an increased mine life and production rate as well as define the full extent of the mineralisation at Maximus. All the drill hole locations have now been surveyed and work on preparing the drill pads commenced yesterday. The drilling contractor is expected on site mid-October and the programme is expected to take 25 days to complete, after which the core will be sampled and sent for assay.

Please see the below links to selected figures illustrating the progress at site.

Executive Chairman of Harvest, Brian McMaster, commented: "We are very pleased with the progress to date. The completion of these initial civil groundworks is expected to coincide with the award of the Trial Mining permit, allowing us to start production around the end of October, well ahead of schedule. Meanwhile, the drill programme should allow us to increase the size of the resource enabling us to demonstrate long term supply to potential customers."

 

 

 

Enquiries:

Harvest Minerals Limited

 

Brian McMaster, Chairman

Tel: +61 8 9200 1847

 

Strand Hanson Limited (Nominated & Financial Adviser)

Rory Murphy

James Spinney

Ritchie Balmer

Tel: +44 20 7409 3494

 

Mirabaud Securities LLP (Broker)

 

Beaufort Securities Ltd

(Joint Broker)

 

Buchanan

(Financial PR)

 

Rory Scott

 

 

Jon Bellis

 

 

Bobby Morse

Anna Michniewicz

 

Tel: + 44 20 7878 3360

 

 

Tel: + 44 20 7382 8300

 

 

Tel: +44 20 7466 5000

 

 

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

 

 

Click here to view Figure 1: Initial Plant Arriving at Site
http://www.rns-pdf.londonstockexchange.com/rns/9896K_-2016-9-27.pdf

 

Click here to view Figure 2: Excavator starting removal of topsoil in preparation of the commencement of opening pit mining
http://www.rns-pdf.londonstockexchange.com/rns/9896K_-2016-9-27.pdf

 

Click here to view Figure 3: Plan of Stockpile Area
http://www.rns-pdf.londonstockexchange.com/rns/9896K_-2016-9-27.pdf


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