Sirius Minerals Plc Approvals update - Mine permit approval (7655R)
July 01 2015 - 02:30AM
UK Regulatory
TIDMSXX
RNS Number : 7655R
Sirius Minerals Plc
01 July 2015
1 July 2015
Sirius Minerals Plc
Approvals update - Mine permit approval
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY)
("Sirius" or the "Company") provide an update on the approvals
process for the York Potash Project ("the Project").
Members of the North York Moors National Park Authority have
resolved to grant permission for the Project's mine and mineral
transport system planning application subject to the finalisation
of the Section 106 Agreement and final wording of conditions.
Members made the decision at yesterday's special planning committee
meeting.
Chris Fraser, Managing Director and CEO of Sirius, comments:
"This is really just the beginning for the Company - we have
made a major step forward and now have a pathway to reaching
production and unlocking ever more value for our shareholders.
"We are grateful to the members of the Authority for their
positive consideration of the application and we thank our many
loyal supporters, investors and customers for their patience in
helping us to get to this stage.
"The case for the Project has always been compelling because it
will not only generate so many jobs and economic benefits, but also
because it is accompanied by such extensive mitigations, safeguards
and environmentally sensitive design. We now look forward to
delivering it."
The Company will provide a separate update to the market next
week which will provide a full status update and detail the next
steps and milestones on the way to reaching first production.
The Company's ordinary shares will now recommence trading.
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, Tel: +44 20
Limited (NOMAD) Nick Harland, 3037 2000
Nick Stamp
WH Ireland Adrian Hadden Tel: +44 20
7220 1666
--------------------------- ------------------------------- ---------------
Media Enquiries Jos Simson, Mike Tel: +44 20
Tavistock Bartlett, 7920 3150
Emily Fenton
--------------------------- ------------------------------- ---------------
Warrant Trading Enquiries
Liberum Capital Limited Simon Smith Tel: +44 20
3100 2171
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About Sirius Minerals Plc
Sirius Minerals is the potash development company focused on the
development of the York Potash Project in the United Kingdom, 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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