Fertiliser specialist Harvest Minerals Limited still only scratching the surface with latest resource upgrade
Drilling to date has covered just 6.7% of the known mineralisation on the deposit in Minas Gerais State.
Company
LON:HMI
Harvest Minerals Ltd is focused on the discovery and development of South American fertiliser or agriproduct projects, which are simple with low technical risk. To this end, its flagship Arapuá Fertiliser Project in Brazil produces an organic fertiliser with minimal environmental impact. Additionally, the company holds four other projects in Brazil, which it will look to develop to production.
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Drilling to date has covered just 6.7% of the known mineralisation on the deposit in Minas Gerais State.
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A look at the week just gone in the junior mining sector
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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 posted a year earlier
It was, as expected, a fairly quiet week for news from the mining sector, with few announcements released in the shortened trading week.
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A glance at some of the stories on the Proactive newswire today
Brian McMaster, Harvest’s executive chairman said: "These latest drilling results confirm the consistent quality of the mineralisation at Maximus.”
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2016 saw Harvest Minerals' share price soar, and a ‘ripper year’ lies ahead in 2017, according to its executive chairman
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A glance at some of the stories on the Proactive newswire today
The company has also signed a letter of intent with local coffee company Veloso
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A glance at today's headlines on the Proactive newswire ...
The group said it believes it has now satisfied all the conditions.
Investments and investor services
harvest has submitted the necessary documentation to the Departamento Nacional de Produção Mineral in Brasilia
The stand-out stock in the Proactive universe today was undoubtedly Keywords Studio, which lifted profits guidance
Harvest Minerals is making good progress on the ground at Arupua
Demand for growth stocks has been steadily building since it hit its nadir at the end of 2012.
As the company advances towards trial mining, a 35 hole programme is planned so that Harvest can grow the Maximus phosphate resource, which will support a longer mine life and higher production rates.
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