Sirius Minerals Plc Future project reporting (5442U)
January 19 2017 - 2:00AM
UK Regulatory
TIDMSXX
RNS Number : 5442U
Sirius Minerals Plc
19 January 2017
19 January 2017
Sirius Minerals Plc
Future project reporting
Sirius Minerals Plc ("Sirius" or the "Company") provides an
update on the future reporting of updates for its North Yorkshire
polyhalite project (the "Project") following the successful
completion of its Stage 1 Financing in late 2016.
Going forward the Company will provide general development and
construction updates to the market on a quarterly basis. For the
coming twelve months these are expected to be released at the
following times:
-- Week commencing 27 March 2017;
-- Week commencing 26 June 2017;
-- Week commencing 25 September 2017, and;
-- Week commencing 8 January 2018.
These will be in addition to updates on key Project milestones,
as they occur. In addition, the Company will regularly update its
investor presentation, other content on its website
(www.siriusminerals.com) and social media channels, as the Project
develops.
Current activities
A number of works required to deliver the Project have already
begun and more are due to commence shortly. These are all in-line
with the Project schedule, as detailed in the Company's investor
presentation.
Highway works required as part of the development ramp-up are
currently due to commence on 30 January 2017. This enabling work
includes improvements to the junctions of site access roads and
other minor local highways improvements. This work is expected to
be complete by 7 April 2017.
Site investigation works including further geotechnical studies
have been underway since the end of 2016. An additional drilling
rig, similar to that used during the Company's exploration
campaign, is expected on site at the end of February 2017 in order
to gather more detailed information for the upcoming shaft sinking.
The full site preparation phase is expected to commence on schedule
in Q2 this year, as previously announced.
In addition to the above activities a significant amount of
detailed engineering, design and commercial work is underway across
all aspects of the Project.
Regulatory information
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of the Company by Gareth Edmunds, External Affairs
Director.
For further information, please contact:
Sirius Minerals Plc Tristan Pottas
Investor Relations Email: ir@siriusminerals.com Tel: +44 845
Manager 524 0247
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Joint Brokers
Liberum Capital Limited Neil Elliot, Tel: +44 20
(NOMAD) Clayton Bush, 3100 2222
Jill Li
J.P. Morgan Cazenove Ben Davies, Jamie Tel: +44 20
Riddell 7742 4000
WH Ireland Adrian Hadden Tel: +44 20
7220 1666
------------------------- ------------------------------ ---------------
Media Enquiries Jos Simson, Mike Tel: +44 20
Tavistock Bartlett, 7920 3150
Emily Fenton
------------------------- ------------------------------ ---------------
About Sirius Minerals Plc
Sirius Minerals Plc is the fertilizer development company
focused on the construction and development of its North Yorkshire
polyhalite project in the United Kingdom. It believes the Project
represents the world's largest high-grade known 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 (AIM: SXX). 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
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