Harvest Minerals Limited ARAPUA FERTILISER PROJECT UPDATE (9896K)
September 28 2016 - 2:00AM
UK Regulatory
TIDMHMI
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 Brian McMaster, Tel: +61 8 9200
Limited Chairman 1847
Strand Hanson Rory Murphy Tel: +44 20 7409
Limited (Nominated James Spinney 3494
& Financial Ritchie Balmer
Adviser)
Mirabaud Securities Rory Scott Tel: + 44 20
LLP (Broker) 7878 3360
Beaufort Securities Jon Bellis
Ltd Tel: + 44 20
(Joint Broker) 7382 8300
Bobby Morse
Buchanan Anna Michniewicz
(Financial PR) 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
END
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