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SXX Sirius Minerals Plc

5.49
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Minerals Plc LSE:SXX London Ordinary Share GB00B0DG3H29 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.49 5.485 5.49 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sirius Minerals Plc Corn and Rice Crop Study Results

02/03/2015 7:01am

RNS Non-Regulatory


TIDMSXX

Sirius Minerals Plc

02 March 2015

2 March 2015

RNS Reach

Sirius Minerals Plc

Corn and Rice Crop Study Results

-- Polyhalite outperformed MOP in corn, improving cob height by 9% and reducing the severity of sheath blight by 71%

-- Polyhalite supports an average 38% increase over MOP in potassium uptake in rice and improves micro-nutrient uptake from 5 to 27%

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") provide an update on the latest results from its ongoing global crop study programme.

This update provides results from the recently completed corn study at the Sichuan Academy of Agricultural Science and the rice study undertaken with Nanjing Institute of Soil Science.

Corn is the largest cereal crop in the world, demanding 7.33 million tonnes of MOP, which is the equivalent to 31.4 million tonnes of polyhalite. Cultivated rice in China represents 18% of the global hectares grown, equating to over 200 million tonnes annually.

In relation to the corn study, MOP was compared to polyhalite as the K source and measured the above ground corn biomass, plant height, cob height and resistance to disease (sheath blight). The study revealed a decrease of 14% of yellow leaves, and an increase of healthy (green) leaves by 8%.

In relation to the rice study, MOP was compared against polyhalite as the K source, but also measured the percentages of individual nutrient uptake for both the macro- and micro-nutrients. Polyhalite supports a 4% yield premium at recommended 90 kg K(2) O/ha over MOP and increased nutrient uptake of K by 38%. Polyhalite was also shown to improve the micro-nutrient uptake of manganese by 27%.

Chris Fraser, Managing Director and CEO of Sirius, commented:

"Another strong performance from polyhalite on such widespread and important crops is welcome and will continue to aid our discussions with current and future customers."

An agronomy update presentation and webcast has been uploaded to the Company website www.siriusminerals.com.

For further information, please contact:

 
 Sirius Minerals Plc 
  Investor Relations            Email: ir@siriusminerals.com         Tel: +44 845 
                                                                         524 0247 
---------------------------  -------------------------------  ------------------- 
 Joint Brokers 
  Liberum Capital Limited       Clayton Bush                     Tel: +44 20 3100 
                                                                             2222 
 Macquarie Capital (Europe)   Ken Fleming, Raj                   Tel: +44 20 3037 
  Limited (NOMAD)              Khatri                                        2000 
 WH Ireland                   Adrian Hadden                      Tel: +44 20 7220 
                                                                             1666 
---------------------------  -------------------------------  ------------------- 
 Media Enquiries              Jos Simson, Mike                   Tel: +44 20 7920 
  Tavistock                    Bartlett,                                     3150 
                               Emily Fenton 
---------------------------  -------------------------------  ------------------- 
 Warrant Trading Enquiries 
  Liberum Capital Limited       Simon Smith                      Tel: +44 20 3100 
                                                                             2171 
---------------------------  -------------------------------  ------------------- 
 

About Sirius Minerals Plc

Sirius Minerals is a potash development company with properties in the United Kingdom (North Yorkshire) and the United States (North Dakota). Its primary focus is the development of the York Potash Project which has the world's largest and highest grade deposit of polyhalite, a multi-nutrient form of potash containing potassium, sulphur, magnesium and calcium. 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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