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Sirius Minerals confident DFS will confirm a world class project

The DFS is now expected to be ready by the end of March, rather than this month as previously expected.

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The proposed mine, in North Yorkshire, could potentially produce for over 100 years.

Sirius Minerals (LON:SXX) says it is confident that the final definitive feasibility study (DFS) for the proposed York Potash mine will confirm a world class project that will be ‘best in class’ in many aspects.

The company, however, revealed that the DFS is now expected to be ready by the end of March, rather than this month as previously expected.

Given that the mine could operate for over 100 years, Sirius said it is vitally important that the final DFS for the project is robust. It added that it is also confident of executing a financing strategy that will bring the project into production and deliver significant value to shareholders.

Chris Fraser, managing director, said: "We are continuing to build a very robust business that will be capable of strong returns throughout the many cycles it will experience over its +100 year life. 

“We thank our shareholders for their patience as we finalise the DFS and look forward to announcing its findings in due course."

Quick facts: Sirius Minerals PLC

Price: 3.55 GBX

LSE:SXX
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Market Cap: £249.22 m
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