http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Sun, 25 Feb 2018 11:23:26 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - New Corporate Presentation ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180223070002_13543268/ Fri, 23 Feb 2018 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180223070002_13543268/ <![CDATA[RNS press release - New Corporate Video ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180205070005_13520855/ Mon, 05 Feb 2018 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180205070005_13520855/ <![CDATA[RNS press release - Issue of Performance Based Securities ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180205070003_13520770/ Mon, 05 Feb 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180205070003_13520770/ <![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180201070013_13517264/ Thu, 01 Feb 2018 07:00:13 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180201070013_13517264/ <![CDATA[News - Harvest Minerals to expand operations at Brazil fertiliser project ]]> http://www.proactiveinvestors.co.uk/companies/news/189997/harvest-minerals-to-expand-operations-at-brazil-fertiliser-project-189997.html Harvest Minerals Limited (LON:HMI) is stepping up operations at its Arapua fertiliser project in Brazil with the addition of a new plant and expansion of the sales and marketing team.

KPfertil was soft launched last year while Harvest waits for the Brazilian Ministry of Agriculture Livestock and Supply to certify the product as a remineraliser.

READ: Harvest Minerals says will significantly benefit from Brazilian move to reduce royalty rates on fertiliser projects

The application is now anticipated to be processed early this quarter, having been.delayed by an extended Christmas break in Brazil.

Four additional knife mills  will be added to boost annual production capacity to over 320,000 tonnes and create a single production line.

READ: Harvest Minerals' fertiliser impresses in leach test

Brian McMaster, Harvest’s chairman, said: “The fully funded plant expansion, which should be commissioned in the coming few months, will allow us to meet expected demand for KPfértil.”

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Mon, 15 Jan 2018 07:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189997/harvest-minerals-to-expand-operations-at-brazil-fertiliser-project-189997.html
<![CDATA[RNS press release - Substantial Operational Expansion ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180115070003_13495559/ Mon, 15 Jan 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180115070003_13495559/ <![CDATA[RNS press release - Appointment of Joint Broker ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180111070004_13492404/ Thu, 11 Jan 2018 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180111070004_13492404/ <![CDATA[News - Harvest Minerals says will significantly benefit from Brazilian move to reduce royalty rates on fertiliser projects ]]> http://www.proactiveinvestors.co.uk/companies/news/188030/harvest-minerals-says-will-significantly-benefit-from-brazilian-move-to-reduce-royalty-rates-on-fertiliser-projects-188030.html Harvest Minerals Limited (LON:HMI) has welcomed news that the Upper House of the National Congress of Brazil has approved a bill to reduce the royalty rates of fertiliser projects from 3.0% to 0.2% which it sees significantly benefitting the group.

The AIM-listed fertiliser development company noted that the bill was approved by the Chamber of Deputies, the Brazilian parliament’s lower house on 22 November 2017 and is part of wider reforms to boost the mining sector and the economy in general.

READ: Harvest Minerals' fertiliser impresses in leach test

The group said the change – which will take effect from January 2018 - will allow it to benefit significantly due to its low cost of production and forecast high production margin.

Harvest Minerals said it anticipates significant cost savings of around US$1.46 per tonne at its Arapua Fertiliser Project.

The company’s August 2016 scoping study for Arapua assumed a cost of US$1.58 per tonne in royalties on sales at US$60 per tonne, and under the new regime this reduces to US$0.12 per tonne in royalties therefore a saving of around US$1.46 per tonne

WATCH: Harvest Minerals bags first sales for KPfertil

Harvest's executive chairman, Brian McMaster, said: " Whilst we were expecting a cut in royalties from 3% to 1%, the fact that it was reduced further to 0.2% shows the Brazilian Government's continued commitment to developing fertiliser and remineraliser projects to reduce the country's dependence on imports.”

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Thu, 30 Nov 2017 08:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188030/harvest-minerals-says-will-significantly-benefit-from-brazilian-move-to-reduce-royalty-rates-on-fertiliser-projects-188030.html
<![CDATA[RNS press release - Change in Royalty Rates in Brazil ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171130070003_13448494/ Thu, 30 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171130070003_13448494/ <![CDATA[News - Harvest Minerals' fertiliser impresses in leach test ]]> http://www.proactiveinvestors.co.uk/companies/news/187624/harvest-minerals-fertiliser-impresses-in-leach-test-187624.html Harvest Minerals Limited (LON:HMI) has received more data indicating its natural fertiliser KPfertil can perform better than traditional soil treatments.

Leach tests indicated much more potassium reached the plants using KPfertil, with only 0.07% of the potassium washed away compared to 20.8% from potassium chloride, 19.2% from potassium sulphate and 21% from potassium nitrate.

WATCH: Harvest Minerals bags first sales for KPfertil

The tests were carried out the Federal University of Uberlândia and will be used in the certification process for KPfértil by Brazil’s agriculture ministry.

In addition, most of the potassium from KPfértil remained in the first soil layer, said Harvest.

READ: Harvest Minerals says 'stars are lining up' for fertiliser project

“KPfértil's superior behaviour over other sources in the leaching test is due to its low solubility in water resulting in far less potassium being leached away.”

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Wed, 22 Nov 2017 07:45:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187624/harvest-minerals-fertiliser-impresses-in-leach-test-187624.html
<![CDATA[RNS press release - Leach Test Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171122070002_13439686/ Wed, 22 Nov 2017 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171122070002_13439686/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171121094315_13438784/ Tue, 21 Nov 2017 09:43:15 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171121094315_13438784/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171025090001_13408336/ Wed, 25 Oct 2017 09:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171025090001_13408336/ <![CDATA[RNS press release - Notice of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171020070003_13403166/ Fri, 20 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171020070003_13403166/ <![CDATA[Media files - Harvest Minerals bags first sales for KPfertil ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8231/harvest-minerals-bags-first-sales-for-kpfertil-8231.html Thu, 12 Oct 2017 14:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8231/harvest-minerals-bags-first-sales-for-kpfertil-8231.html <![CDATA[News - Harvest Minerals notches first sales and lines up additional customers ahead of KPfertil certification ]]> http://www.proactiveinvestors.co.uk/companies/news/185485/harvest-minerals-notches-first-sales-and-lines-up-additional-customers-ahead-of-kpfertil-certification-185485.html Harvest Minerals Limited (LON:HMI) has recorded first sales of its fertiliser replacement KPfertil.

The sales were in response to requests from customers even though the company is waiting for formal certification for KPfertil as a remineraliser from the Brazilian Ministry of Agriculture.

READ: Harvest Minerals says 'stars are lining up' for fertiliser project

Major coffee grower Veloso has been trialling the product this year, while orders have also come in from orchard and broad acre farmers, distributors, blenders and co-operatives, Harvest said.

Orders and pre-registration sales to date have been worth US$80,000, but Harvest expects demand to ramp up rapidly once certification is complete, which is expected by company to be by the end of 2017.

A processing plant to mill and put KPfértil into 1 tonne "big-bags" has already been installed.

Meanwhile, major shareholder, the Edwards family, is upping its stake in Harvest to 29.9% from 28.3% by backing a placing of shares at 10p to raise £1.2mln to fund sales and marketing lines and infrastructure installation at the Arapua deposit.

READ: Harvest Minerals applies for product registration for KPfertil in Brazil

Brian McMaster, executive chairman, said: The funds raised will be used to progress the full mining licence and application, further develop our rapidly growing sales channels, process additional stockpile, explore acquisition opportunities as well as for general working capital purposes. 

“With the transition from explorer to developer and now producer complete, we look forward to the future with confidence."

KPfértil is an organic, multi-nutrient slow release fertiliser and remineraliser produced from a weathered potassium and phosphate-rich lava, which offers many economic and agronomic benefits. The product is mined at Arapua in the heart of the Brazil’s agriculture belt in Minas Gerais.

“There may be additional sales ahead of certification but it is anticipated that the bulk of our robust potential order book, currently standing at over 20 independent farmers and corporations, will cross the line quickly after certification, “ added McMaster.

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Thu, 12 Oct 2017 08:09:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185485/harvest-minerals-notches-first-sales-and-lines-up-additional-customers-ahead-of-kpfertil-certification-185485.html
<![CDATA[RNS press release - Infrastructure Finalisation, First Sales & Placing ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171012070002_13394034/ Thu, 12 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171012070002_13394034/ <![CDATA[RNS press release - Board Changes ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171004123001_13385950/ Wed, 04 Oct 2017 12:30:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171004123001_13385950/ <![CDATA[News - Harvest Minerals says 'stars are lining up' for fertiliser project ]]> http://www.proactiveinvestors.co.uk/companies/news/184735/harvest-minerals-says-stars-are-lining-up-for-fertiliser-project-184735.html  

 

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Thu, 28 Sep 2017 08:39:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184735/harvest-minerals-says-stars-are-lining-up-for-fertiliser-project-184735.html
<![CDATA[RNS press release - FY 2017 Audited Annual Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170928070002_13377972/ Thu, 28 Sep 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170928070002_13377972/ <![CDATA[News - Harvest Minerals applies for product registration for KPfertil in Brazil ]]> http://www.proactiveinvestors.co.uk/companies/news/184654/harvest-minerals-applies-for-product-registration-for-kpfertil-in-brazil-184654.html Harvest Minerals Limited (LON:HMI) has applied to have its KPfértil fertiliser registered as a remineraliser with the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA).

The application is expected to be approved by the end of the year with sales of KPfértil to grow rapidly following certification and in time for the next buying season, said Harvest.

READ: Harvest continues to deliver excellent agronomic test results from Arapua

KPfértil is a multi-nutrient, slow-release fertiliser and remineraliser that can replace imported fertilisers. Harvest believes it will achieve significant market penetration on certification. 

Harvest has already run multiple crop agronomy trials and said in a statement that it was urged to apply after a presentation to MAPA impressed the agency.

READ: Harvest Minerals appoints Brazilian-based sales manager to optimise KPfértil fertiliser

Brian McMaster, executive chairman, said: "We always knew that KPfértil would be a very good remineraliser and fertiliser, but we are still very pleased with the enthusiastic response we received from MAPA.

"Once the registration and certification of KPfértil is achieved, and on the basis farmers recognise the tangible economic benefits in introducing it to their fertiliser rotation, we believe KPfértil has the potential to replace significant amounts of conventional and more expensive fertilisers and become a staple product in the Minas Gerais agriculture belt in Brazil." 

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Wed, 27 Sep 2017 08:11:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184654/harvest-minerals-applies-for-product-registration-for-kpfertil-in-brazil-184654.html
<![CDATA[RNS press release - Registration of KPfértil as a Remineraliser ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170927070002_13376370/ Wed, 27 Sep 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170927070002_13376370/ <![CDATA[News - Harvest continues to deliver excellent agronomic test results from Arapua ]]> http://www.proactiveinvestors.co.uk/companies/news/183429/harvest-continues-to-deliver-excellent-agronomic-test-results-from-arapua-183429.html Ongoing testwork continues to confirm the efficacy of KPfértil, the fertiliser product that Harvest Minerals Limited (LON:HMI) plans to produce in bulk from its Arapua project in Brazil.

The results of tests conducted over 180 days on juvenile and mature coffee plants indicate that KPfértil is as effective as traditional fertilisers in supplying potassium and phosphate to plants.

READ: Harvest Minerals' KPfértil performs well in latest independent tests

As part of the test, a total of 12 treatments were applied to compare KPfértil to conventional fertilisers as a source of potassium and phosphate.

The tests are continuing.

"These results are excellent and build on the successful tests carried out on rice crops which demonstrated a substantial increase in dry matter production following the application of KPfértil,” said Harvest’s executive chairman Brian McMaster. 

READ: Harvest Minerals anticipates first production from Arapua in the third quarter of this year

“We have identified the coffee growers in the Cerrado Region as an important customer base and tests results indicating that our local, 100% organic product acts as efficiently as imported KCl, a conventional source of potassium, represent a significant outcome for Harvest. We expect further results from these tests over the coming months, but our focus is now on registering KPfértil with the Ministry of Agriculture, Livestock and Supply and achieving our first sales."

 

 

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Tue, 05 Sep 2017 07:44:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/183429/harvest-continues-to-deliver-excellent-agronomic-test-results-from-arapua-183429.html
<![CDATA[RNS press release - Excellent Test Results from the Arapua Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170905070001_13351531/ Tue, 05 Sep 2017 07:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170905070001_13351531/ <![CDATA[News - Harvest Minerals' KPfértil performs well in latest independent tests ]]> http://www.proactiveinvestors.co.uk/companies/news/182510/harvest-minerals-kpfrtil-performs-well-in-latest-independent-tests-182510.html Harvest Minerals Limited (LON:HMI) has lauded continued excellent agronomic results from the Arapua fertiliser project on its direct application natural fertiliser and remineraliser product, KPfértil.

The tests were conducted by the Federal University of Uberlândia (UFU), an institution approved by the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA), and will form part of the company's official registration of KPfértil to MAPA in the final quarter of this year.

READ: Harvest Minerals appoints Brazilian-based sales manager to optimise KPfértil fertiliser

Harvest said the results continue to demonstrate that KPfértil works as a fertiliser and has a positive agronomic efficiency.

Rice crops that had Kpfértil applied to them showed a substantial increase in dry matter production, both in comparison to having no fertiliser applied and to being treated with a conventional source of potassium (KCI).

UFU's test show rice crops produced 3,98 grammes per plant untreated; 5.03 grammes per plant when treated with KCI; and 59.44 grammes when treated with Kpfértil.

Compared to conventional sources of potassium and phosphate, applying the same dose of potassium and phosphate as KPfértil in clayey soils produced up to 73.09% of the dry matter produced using expensive, conventional fertilisers.

“The test results continue to exceed our expectations and are proving the potential of KPfértil, which is a completely  natural, slow release, single product fertiliser,” said Brian McMaster, Harvest's executive chairman. 

“We are working closely with a number of academic and corporate entities in order to begin official registration and certification of KPfértil in the coming months. When achieved, and on the basis farmers recognise the tangible economic benefits in introducing it to their fertiliser rotation, we believe KPfértil has the potential to replace significant amounts of conventional and more expensive fertilisers and become a staple product in the Minas Gerais agriculture belt in Brazil,” McMaster declared. 

"With product ready for delivery, an indicated and inferred resource of 13.07Mt at 3.1% K2O and 2.49% P2O5, which translates into a mine life of over 30 years at a rate of 450k tonnes per annum, established infrastructure, a highly experienced and proven sales team and an established local market, the foundations are in place for a robust business and we look forward to the future with excitement," he added.

More results from the tests are expected in the coming months.

"Harvest’s KPFertil product has performed well in all tests. As a slow release natural product it is difficult to make direct comparisons with traditional sources of fertiliser; however, the company is now very confident it will become an important part of local fertiliser regimes," noted Beaufort Securities.

Beaufort said it is looking forward to results from the Veloso crop trials, whcih is said "appear encouraging". Beaufort rates Harvest as a speculative buy,

Shares in Harvest were up 2.3% at 11.25p in late morning trading.

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Wed, 16 Aug 2017 11:32:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/182510/harvest-minerals-kpfrtil-performs-well-in-latest-independent-tests-182510.html
<![CDATA[RNS press release - Continued Excellent Agronomic Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170816070003_13331244/ Wed, 16 Aug 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170816070003_13331244/ <![CDATA[News - Harvest Minerals is now on the cusp of completing the production jigsaw at Arapua ]]> http://www.proactiveinvestors.co.uk/companies/news/180769/harvest-minerals-is-now-on-the-cusp-of-completing-the-production-jigsaw-at-arapua-180769.html Shares in Harvest Minerals Limited (LON:HMI) have enjoyed something of a fillip lately, following a brief flurry of news that looks like the start of what could be a busy period.

Key at this stage is the ongoing success of agronomic testwork on Harvest’s Brazilian fertiliser product, KPfértil.

Looked at one way, this is a pretty simple matter.

“The tests literally just involve putting the product on plants,” says Harvest’s executive chairman Brian McMaster

But looked at from another point of view, it’s likely to mark the moment that Harvest really comes of age. All the capital that’s likely to be needed for production from Harvest’s Arapua project has now been spent. The mine is ready to go. Harvest’s own independent tests on coffee, potatoes and carrots have come up trumps.

All that’s needed is the certification from Brazil’s Ministry of Agriculture, Livestock and Supply, also known as MAPA, and this is based on a test on rice, which has also gone well.

The application is now anticipated to be processed early this quarter (Jan–Mar 2018), having been delayed by an extended Chirstmas break in Brazil.

After that, production is just a short hop away, and given the huge resource at Arapua, it’s really then just a matter of judging the demand.

“We’ve pitched the ball down the fairway at 450,000 tonnes per year,” says McMaster, “but if our sales team come back and say it’s actually 250,000 tonnes or a million tonnes, that’s fine.”

Harvest will be able to adjust output accordingly.

“For us the market is as big as the sales team can make it,” says McMaster. But because the company is aiming to sell directly into the surrounding agricultural communities in Brazil, a little bit of local knowledge is called for.

To that end Harvest has just appointed Lino Furia as sales manager, a man who has worked with several major fertiliser companies, including Mosaic (NYSE:MOS), and local Brazilian champion VALE (NYSE:VALE).

In the announcement that accompanied Furia’s appointment, McMaster also drew attention to Brazil’s stated intention to becoming fertiliser self-sufficient by 2020, just two-and-a half years away.

Whether Brazil as a country will hit that target remains to be seen, but Harvest at least looks well on track to pass its own milestones.

“The fundamentals of why people invested in this company is that they wanted to see Arapua come on stream and start creating cash,” says McMaster.

That’s now about to happen and recent news on agronomics and sales strategy is a “continuation of the thing we’ve been saying we were going to do.”

So all the pieces in that cashflow jigsaw are now falling into place.

Indeed, it won’t be long before investors start to look to the upside that lies elsewhere in the company.

“There are three other projects inside Harvest,” says McMaster.

“One of them is similar to Arapua, and two are traditional potash projects. In addition we’ve publicly said the company is actively pursuing opportunities to grow. So watch this space.”

At 15p, Harvest is valued at a shade under £18mln.

 

 

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Wed, 12 Jul 2017 12:41:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180769/harvest-minerals-is-now-on-the-cusp-of-completing-the-production-jigsaw-at-arapua-180769.html
<![CDATA[News - Harvest Minerals appoints Brazilian-based sales manager to optimise KPfértil fertiliser ]]> http://www.proactiveinvestors.co.uk/companies/news/180596/harvest-minerals-appoints-brazilian-based-sales-manager-to-optimise-kpfrtil-fertiliser-180596.html Harvest Minerals Ltd (LON:HMI) has appointed Lino Furia as its Brazilian-based sales manager to support sales of its KPfértil fertiliser and build a strong presence across the country’s agriculture sector.

Furia has more than 20 years of experience in managing crop production and developing new products in Brazil, having worked for several major fertiliser companies such as Vale Fertilisers, Yara Fertilisers and Mosaic Fertilisers.

He will be responsible for developing the market and increasing sales of KPfértil. Furia, previously marketing manager of phosphate miner Rio Verde Minerals, will also work alongside the company's technical team as it looks to optimise the product.

Chairman Brian McMaster said: “We are delighted to welcome Lino to the team; his contacts and previous experience in developing and selling new fertiliser products in Brazil will be invaluable as we look to build a strong sales pipeline.”

"Recent results from our ongoing agronomic studies highlight the quality of our product and we are confident that it will play a key role as Brazil focuses on hitting its stated target to be self-sufficient in fertilisers by 2020.”

The next step for the company will be to begin the registration process of KPfértil as a remineraliser by the end of 2017. Harvest will then make an application for registration as a fertiliser to further broaden the market.

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Mon, 10 Jul 2017 08:49:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180596/harvest-minerals-appoints-brazilian-based-sales-manager-to-optimise-kpfrtil-fertiliser-180596.html
<![CDATA[RNS press release - New Sales Manager ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170710070008_13288668/ Mon, 10 Jul 2017 07:00:08 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170710070008_13288668/ <![CDATA[Media files - Harvest Minerals' Brian McMaster on the 'excellent' agronomic efficiency results for KPfértil ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/7744/harvest-minerals-brian-mcmaster-on-the-excellent-agronomic-efficiency-results-for-kpfrtil-7744.html Tue, 04 Jul 2017 13:09:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7744/harvest-minerals-brian-mcmaster-on-the-excellent-agronomic-efficiency-results-for-kpfrtil-7744.html <![CDATA[News - Harvest Minerals reveals strong results from agronomic tests on its fertiliser product ]]> http://www.proactiveinvestors.co.uk/companies/news/180208/harvest-minerals-reveals-strong-results-from-agronomic-tests-on-its-fertiliser-product-180208.html Harvest Minerals Limited (LON:HMI) has revealed that agronomic test work at its Arapua fertiliser project in Brazil has confirmed that its product, KPfértil, increases the potassium, phosphate, silicate, calcium, and magnesium in the pH of the local soil and corrects the soil acidity.

Visual comparisons of the recently harvested rice crop show that larger, healthier plants develop when KPfértil applied.

WATCH: Harvest Minerals' Brian McMaster on the 'excellent' agronomic efficiency results for KPfértil

The results indicate that KPfértil works effectively as a multi-nutrient, slow release remineraliser.

Harvest has already produced 50,000 tonnes of KPfértil under a trial mining permit, but the current resource stands at 13 million tonnes so there is plenty of mine life left.

The plan now is to make an application to the Brazilian Ministry of Agriculture, Livestock and Supply in the current quarter of this year, with the aim of certifying KPfértil as a remineraliser by the end of 2017.

Within that target, the company also hopes to achieve its first sales in the current quarter.

"The agronomic efficiency results for KPfértil, our multi-nutrient, direct application natural fertiliser, are excellent, especially considering KPfértil can be a replacement for conventional sources of phosphate and potassium,” said Harvest’s executive chairman Brian McMaster. 

"We are excited about the prospects of KPfértil due to the many distinct advantages over imported products:  it is a multi-nutrient, direct application, natural fertiliser composed of weathered potassium and phosphate-rich lava; and it is excavated at surface and processed on site, translating into a low cost, low capex operation.”

 

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Mon, 03 Jul 2017 08:48:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180208/harvest-minerals-reveals-strong-results-from-agronomic-tests-on-its-fertiliser-product-180208.html
<![CDATA[News - Harvest Minerals appoints Company Secretary Jack James as director ]]> http://www.proactiveinvestors.co.uk/companies/news/180198/harvest-minerals-appoints-company-secretary-jack-james-as-director-180198.html Harvest Minerals Limited (LON:HMI) has appointed Jack James, currently Company Secretary, as a non-executive director with immediate effect. 

He replaces industry veteran Mark Reilly, who has resigned from to pursue other interests.

James has over 20 years' experience in chartered accounting, and specialises in corporate advisory and reconstruction.

"We are delighted to welcome Jack to the board and believe that his exemplary financial background will play a key role as we enter the next stage and focus on developing sales of our KPfértil multi-nutrient, direct application natural fertiliser,” said Harvest chairman Brian McMaster.

“I would also like to thank Mark for his time and support and wish him every success for the future."

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Mon, 03 Jul 2017 07:53:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180198/harvest-minerals-appoints-company-secretary-jack-james-as-director-180198.html
<![CDATA[RNS press release - Board Changes ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170703070002_13280669/ Mon, 03 Jul 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170703070002_13280669/ <![CDATA[RNS press release - Agronomic Results from Arapua Fertiliser Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170703070001_13280611/ Mon, 03 Jul 2017 07:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170703070001_13280611/ <![CDATA[News - Harvest Minerals anticipates first production from Arapua in the third quarter of this year ]]> http://www.proactiveinvestors.co.uk/companies/news/179798/harvest-minerals-anticipates-first-production-from-arapua-in-the-third-quarter-of-this-year-179798.html Progress continues with the trials being undertaken by Harvest Minerals Limited (LON:HMI) on product from its multi-nutrient direct application natural fertiliser (DANF) project at Arapua, in the heart of the Brazilian agriculture belt in Minas Gerais.

The company's focus has been on completing first-round agronomic test work so that an application for certification of KPfértil as a remineraliser can be submitted to the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA).

KPfértil is an organic, multi-nutrient slow release fertiliser and remineraliser produced from a weathered potassium and phosphate-rich lava, which offers many economic and agronomic benefits.

As part of the certification process, the Company has been undertaking multiple agronomy trials, which are being conducted by three organisations: The Federal University of Varginha, The Institute of Agricultural Research of Cerrado, and The Federal University of Uberlandia. 

The results from the latest round of tests are due imminently, which will allow the application to MAPA to be submitted by late July.  

Subject to MAPA responding in a timely fashion, the Company anticipates registration of KPfértil as a remineraliser by the end of 2017, following which an application for its registration as a fertiliser, to further broaden the market, can be made, if thought necessary by the company. 

In addition to progressing the agronomic test work and registration processes, the company actively continues to investigate potential off-take agreements and aims to strengthen its product sales team as the year progresses. 

Harvest anticipates recording first product sales in Q3 2017 as customers start to incorporate KPfértil into their cropping programmes.  The company has significant scope to meet customer demand, having recently stockpiled a total of 50,000 tonnes of product. 

Notably, as announced on 27 February 2017, Arapua has a JORC (2012) indicated and inferred resource is 13.07Mt at 3.1% K20 and 2.49% P205, which translates into a mine life of over 100 years at a production rate of 450,000 tonnes per annum.

And this is based on drilling just 6.7% of the known mineralisation.

 

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Mon, 26 Jun 2017 08:02:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/179798/harvest-minerals-anticipates-first-production-from-arapua-in-the-third-quarter-of-this-year-179798.html
<![CDATA[RNS press release - Arapua Project Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170626070003_13272113/ Mon, 26 Jun 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170626070003_13272113/ <![CDATA[RNS press release - Exercise of Warrants and Total Voting Rights ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170508093002_13217478/ Mon, 08 May 2017 09:30:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170508093002_13217478/ <![CDATA[News - Harvest Minerals submits exploration report as Arapua licence application moves ahead ]]> http://www.proactiveinvestors.co.uk/companies/news/177045/harvest-minerals-submits-exploration-report-as-arapua-licence-application-moves-ahead-177045.html Harvest Minerals Limited, (LON:HMI) has submitted the final exploration report for its Arapuá fertiliser project in Brazil.

The report is a requirement of the licence application process and once approved by the Brazilian Departamento Nacional de Produção Mineral (DNPM), Harvest will have a year to put together a feasibility study and make a full licence application.

CLICK HERE: For a daily round-up of all the Proactive news

In the meantime, trial mining will continue at the project with approximately 45,000 tons of material mined and stockpiled so far.

Brian McMaster, executive chairman, added: “Commencing the process of obtaining a Full Mining Licence is an important step and being able to operate under our existing license criteria in the interim means no interruption to business.

“The test work that has been underway for some months is progressing well.”

Harvest has commissioned a range of agronomic tests, including on traditional summer crops of carrots and potatoes to be supervised by the Institute of Agricultural Research of Cerrado (IPACER). 

The company expects to start harvesting the initial crop of carrots and potatoes at the end of May 2017, with biometric analysis expected to take place in June.  

Results from agronomic test work on immature and mature coffee plantations with grower Veloso should be available next month with May with biometric analysis complete by July.

The timing of the results should help it catch the traditional fertiliser buying season of August and September each year, Harvest added.

Harvest added.it expects it will be late 2018 when a full permit for Arapua may come through, in line with previous estimates of 1-2 years.

 

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Fri, 28 Apr 2017 08:50:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/177045/harvest-minerals-submits-exploration-report-as-arapua-licence-application-moves-ahead-177045.html
<![CDATA[RNS press release - Exercise of Warrants and Total Voting Rights ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170428083050_13208256/ Fri, 28 Apr 2017 08:30:50 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170428083050_13208256/ <![CDATA[RNS press release - ARAPUA FERTILISER PROJECT - POSITIVE UPDATE ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170428070008_13207693/ Fri, 28 Apr 2017 07:00:08 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170428070008_13207693/ <![CDATA[News - Harvest Minerals gets trial extension as it readies Arapua licence application ]]> http://www.proactiveinvestors.co.uk/companies/news/174772/harvest-minerals-gets-trial-extension-as-it-readies-arapua-licence-application-174772.html Harvest Minerals Limited (LON:HMI) has extended its trial mining permit at Arapua in Brazil to a rolling 50,000 tonne basis ahead of an application for a full licence in April.

Approval of the full licence is likely to take between 1-2 years depending on when Harvest decides to submit the feasibility study, but during this period Harvest can now continue to operate without interruption until a decision is reached. 

The full application will contain details of all geological, metallurgical and agronomic work completed at Arapua to date.

Once this is approved, Harvest has a further year to submit a feasibility study and the respective application to Brazil’s DNPM.

Brian McMaster, executive chairman, said: "By starting the process of applying for a Full Mining Licence, including submitting an extension application for the Trial Mining Permit, Harvest is putting in place the foundations for a long term and sizable fertilizer project.  We are progressing with our product's testwork and certification and remain on track."

House broker Beaufort expects to see the mine at Maximus, a high grade zone at Arapua, developing in two stages into a 500,000 tonne annual operation.

To get there will require capex of US$1.0mln, total mine operating costs of $7/t and a conservative long-term sales price of $55/t, said the broker.

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Tue, 14 Mar 2017 13:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174772/harvest-minerals-gets-trial-extension-as-it-readies-arapua-licence-application-174772.html
<![CDATA[News - Harvest Minerals worth three times as much reckons house team ]]> http://www.proactiveinvestors.co.uk/companies/news/174223/harvest-minerals-worth-three-times-as-much-reckons-house-team-174223.html Harvest Minerals Ltd’s (LON:HMI) house broker Beaufort Securities is earning its corn with a bullish update and a price target of 32p or three times current market value.

The core of the valuation is the Arapua licence, where this week the Brazil-focused fertiliser group substantially upgraded its Maximus prospect.

There was a 37% increase to the high grade tonnage to 1.2mt within a 1380% overall rise. 

Beaufort adds that from here the share price performance should follow "field trial progress at Arapua, new customer wins, testwork results, stonemeal certification and first sales".

“Test work thus far and the views of Harvest’s agronomist give us confidence that the KPFértil product will be saleable at or around US$60/t,” said the broker, which has a buy rating.”

Beaufort sees the mine developing in two stages to a 500,000 tonne annually operation, capex of US$1.0m, total mine operating costs of $7/t and a conservative long-term sales price of $55/t.

For a mine life to 2028 that gives a net present value [future cash flows] estimate of US$68mln, to which the broker has applied a 40% risk factor discount.

The broker also notes that Harvest based its latest resource estimate on only 6.7% of the area identified through mapping as Kamafugite and only from the upper weathered zone.

Extrapolating from the last upgrade would push the mine life out to 40 years.

Beaufort attributed US$12.5mln for the smaller potash project and added that worries over the cash position are overdone.

Beaufort expects Harvest to have cash of around A$0.7mln at the end of this year before income from any sales of its KPfertil direct application fertiliser product.

That compares with A$1.5mln at the end of December a sum that has since been bolstered by an A$1.57mln warrant issue.

Shares rose 17% today to 13.2p.

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Fri, 03 Mar 2017 13:22:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174223/harvest-minerals-worth-three-times-as-much-reckons-house-team-174223.html
<![CDATA[News - Harvest Minerals begins to build critical mass at Arapua ]]> http://www.proactiveinvestors.co.uk/companies/news/174019/harvest-minerals-begins-to-build-critical-mass-at-arapua-174019.html Wed, 01 Mar 2017 13:14:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174019/harvest-minerals-begins-to-build-critical-mass-at-arapua-174019.html <![CDATA[News - Fertiliser specialist Harvest Minerals Limited still only scratching the surface with latest resource upgrade ]]> http://www.proactiveinvestors.co.uk/companies/news/173787/fertiliser-specialist-harvest-minerals-limited-still-only-scratching-the-surface-with-latest-resource-upgrade-173787.html Harvest Minerals Limited (LON:HMI) has still only scratched the surface to provide its updated and significantly upgraded resource on the Arapuá Fertilizer Project in Brazil.

The higher-confidence indicated resource rises 37% to a JORC-compliant 1.2mln tonnes at a grade of 4.4% potassium oxide (K2O) and 3.45% phosphorus pentoxide (P2O5).

The exploration target is now just under 13.1mln tonnes in the indicated and inferred categories, while drilling to date has covered just 6.7% of the known mineralisation on the deposit in Minas Gerais State.

Chairman Brian McMaster "This resource update confirms our expectations on the consistency of the mineralisation at Arapua to support an increased mine life and production rate.

“The high-grade resource is designed to meet the grades specified in the letter of intent we signed in December 2016. 

“Additionally, following the completion of the recent round of warrant redemptions Harvest has sufficient cash resources to carry out its business objectives."

The letter of intent referred to is with a coffee grower to provide output from trial mining on Maximus prospect on Arapuá.

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Mon, 27 Feb 2017 08:11:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/173787/fertiliser-specialist-harvest-minerals-limited-still-only-scratching-the-surface-with-latest-resource-upgrade-173787.html
<![CDATA[Media files - Harvest Minerals chairman 'really pleased' with significantly upgraded Arapua resource ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/6992/harvest-minerals-chairman-really-pleased-with-significantly-upgraded-arapua-resource-6992.html Mon, 27 Feb 2017 07:48:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6992/harvest-minerals-chairman-really-pleased-with-significantly-upgraded-arapua-resource-6992.html <![CDATA[News - Harvest Minerals narrows losses as it readies itself for ‘ripper year’ ]]> http://www.proactiveinvestors.co.uk/companies/news/172859/harvest-minerals-narrows-losses-as-it-readies-itself-for-ripper-year-172859.html Harvest Minerals Ltd. (LON:HMI) narrowed its losses in the final six months of 2016 ahead of what its chief executive, Brian McMasterman, hopes will be a ‘ripper year’ for the Brazil-focused potash explorer.

The firm booked a pre-tax loss of US$1.43mln for the six months to 31 December 2016, compared to the US$1.53mln loss it recorded for the same period in 2015.

During the period, Harvest made significant headway at its Arapua fertilizer project.

It was awarded a trial mining permit by the Brazilian authorities for the Maximus prospect at Arapua, while it also signed a contract with local coffee producer Veloso.

An updated resource estimate at the project is expected to be completed by mid-February, Harvest revealed today.

No work took place at Harvest’s other potash projects – Sergi and Capela – during the period, while a resource estimate was completed at its Mandacaru phosphate project back in June.

Total revenue increased to US$12,354, up from US$4,329 in the same period last year, generated primarily via interest. At the end of December, Harvest had US$1.55mln cash in the bank.

Shares were down 2% to 14.8p on Wednesday afternoon.

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Wed, 08 Feb 2017 12:38:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/172859/harvest-minerals-narrows-losses-as-it-readies-itself-for-ripper-year-172859.html
<![CDATA[News - Harvest Minerals posts positive results from second drilling programme at the Maximus Prospect ]]> http://www.proactiveinvestors.co.uk/companies/news/171032/harvest-minerals-posts-positive-results-from-second-drilling-programme-at-the-maximus-prospect-171032.html AIM-listed Harvest Minerals Limited (LON:HMI) has reported positive results after the completion of its second air core drilling programme at the Maximus Prospect, part of its Arapua Fertilizer project in Brazil.

The group said results from the second drilling programme, which firstly focused on the extension of the area drilled in the previous drilling stage, confirms the continuity of the weathered kamafugite ore body with consistent K2O, P2O5, CaO and MgO grades.

Harvest said additional holes were drilled over outcropping kamafugite which previously have been mapped by the company's geologists.

READ: Harvest Minerals progressing ....

These holes had a regional spacing and produced results compatible to the grades in the current resource area, indicating the potential to further substantially increase the mineral resources. 

Harvest said it has retained the services of independent consultants GE21 (formerly Coffey Mining Brazil) to revise the current resource using the additional drill data.

GE21 will be on site in mid-January to check the results and an updated resource is expected by mid February.

Brian McMaster, Harvest’s executive chairman said: "These latest drilling results confirm the consistent quality of the mineralisation at Maximus.”

He added: “The wider spaced drilling, including of the (non-diamondiferous) kimberlite, indicates that the grades and thickness of the weathered mineralisation are consistent throughout the entire area we previously mapped and should provide enough material to support any future expansion plans.”

He concluded that this “has been an exceptional achievement by the whole team. We will look to build on this next year.”

Shares in Harvest have more than quadrupled since July, when a scoping study outlined the economic potential of Arapua and the company cancelled its Australian listing and all trade moved to Aim.

In early trade this morning, the stocks edged up 0.25p at 19.25p.

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Fri, 30 Dec 2016 08:28:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/171032/harvest-minerals-posts-positive-results-from-second-drilling-programme-at-the-maximus-prospect-171032.html
<![CDATA[RNS press release - ARAPUA FERTILISER PROJECT UPDATE ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20161230070005_013081130/ Fri, 30 Dec 2016 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20161230070005_013081130/ <![CDATA[RNS press release - TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20161228070015_013078632/ Wed, 28 Dec 2016 07:00:15 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20161228070015_013078632/ <![CDATA[News - Harvest Minerals to up pace again after outstanding year ]]> http://www.proactiveinvestors.co.uk/companies/news/170931/harvest-minerals-to-up-pace-again-after-outstanding-year-170931.html Brian McMaster, Harvest Minerals Ltd‘s (LON:HMI) executive chairman, believes 2016 was an exceptional year for the Brazil-based fertiliser group.

But the Aussie says he would be disappointed if 2017 is not even better and is happy to predict a ‘ripper year’ ahead for Harvest.

 

Read: Harvest Minerals begins to build critical mass at Arapua

Watch: Harvest Minerals chairman 'really pleased' with significantly upgraded Arapua resource

 

Maximus upgrade

Having listed on AIM at the equivalent of 4.5p just over a year ago, the price is now 13.8p.

Latest news was an upgrade to the resource at Maximus, the key target at the Arapua licence in Brazil.

There was a 37% increase to the high grade tonnage to 1.2mt within a 1380% overall rise. 

According to house broker Beaufort that should be the basis of an even better share price performance.

"Field trial progress at Arapua, new customer wins, testwork results, stonemeal certification and first sales," are all on the way said the broker.

“Test work thus far and the views of Harvest’s agronomist give us confidence that the KPFértil product will be saleable at or around US$60/t,” said the broker, which has a buy rating.”

Beaufort sees the mine developing in two stages into a 500,000 tonne annual operation.

To get there will require capex of US$1.0mln, total mine operating costs of $7/t and a conservative long-term sales price of $55/t.

For a mine life to 2028 that gives a net present value [future cash flows] estimate of US$68mln.

A trial mining permit was awarded at the start of for Maximus , but perhaps even more importantly a contract was tied up with local coffee producer Veloso.

 

Coffee contract confirms price for KPfertil

While 45,000 tonnes is not a huge quantity, the key point says McMaster is that the price it will get for its KPFertil fertiliser product is r200 /US$60 per tonne.

That is near the top its expectations and sets a benchmark going forward, he said.

Veloso’s involvement also now means that it is firmly on the radar of both farmers and the government in Brazil.

 

Awful lot of opportunities in Brazil

And that means a lot of new opportunities are set to come its way, of which McMaster wants to take advantage.

“In the next few months, we want to be in a position to make some acquisitions of assets with like products, simple processing, an agriculture bias and that are cash flow positive.”

The immediate focus though will be to apply for a full licence for Maximus and work will start on that process straight after Christmas.

 

What Mirabaud said

The on-time award of the trial mining permit will allow the company to commence production before the year-end, as promised, said Mirabaud.

“Thus, we believe that Harvest could mine and sell the first 45kt material before the end of the current financial year (end-June 2017) which, based on the price agreed, will result in revenues of US$2.7mln for 2017.

“That compares favourably with our estimate of US$2m, which is based on our assumption that Harvest will sell 50kt of its product by the end of June, but at a lower assumed average price of US$39/t.”

Mirabaud adds the trial permit is subject to certain agronomic tests but if KPfertil proves to be efficient, Veloso could possibly replace conventional K and P fertiliser with Harvest’s product.

“KPfertil is a toxic-free, highly soluble direct application multi-nutrient fertiliser (contains K2O, P2O5as well as high grades of calcium oxide and magnesium oxide, while it is low in other contaminants), which compares well with existing products in the region.

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Fri, 23 Dec 2016 11:22:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/170931/harvest-minerals-to-up-pace-again-after-outstanding-year-170931.html