Business
New Limestone Area Added to Portfolio
New Limestone Area Added to Portfolio.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4454A\n Harvest Minerals Limited\n 01 June 2021\n \n \n \n \n To view the announcement with the illustrative images and diagrams please use the following link:\n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/4454A_1-2021-6-1.pdf\n \n \n \n \n \n \n \n Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining\n \n \n 1 June 2021\n \n \n Harvest Minerals Limited ('Harvest' or the 'Company')\n \n \n \n \n \n New Limestone Area Added to Portfolio\n \n \n \n \n \n Harvest Minerals Limited, the AIM listed remineraliser producer, is pleased to announce that it has acquired at nominal value the mineral rights over an area ('the Project') highly prospective for the exploration of agriculture limestone, a critical soil input used to neutralise soil acidity by raising its pH levels. Located in the municipality of \n Iguatama, Minas Gerais, the Project is approximately 168km from Harvest's Arapuá Fertiliser Project ('Arapuá').\n \n \n \n \n \n \n Brian McMaster, Chairman of Harvest, said:\n \n \n \"As part of our strategy to build our profile in the region, we are delighted to have acquired this exciting project that has a number of synergies with our existing operations. Given Minas Gerais is the second largest consumer of agricultural limestone in the country and that most of our existing clients are also buyers of such product, we hope to leverage our commercial channels and regional market know how to rapidly build sales. First, we're preparing a cost-effective exploration programme ahead of developing a preliminary mineral resource and, if favourable, continue with economic and market studies, following the same fast-track route to production as\n \n \n Arapuá. \n \n \n Notably, the simplicity of a potential operation with free digging, crushing, and packing and the organic nature of agricultural limestone sits perfectly with our ESG commitment. This is a great opportunity with the potential to add accretive value to our shareholders beyond our already well-established platform and I look forward to updating the market further in due course.\" \n \n \n \n \n \n \n Further Information:\n \n \n Harvest has acquired a new prospective limestone project in the latest auctioning process promoted by the Brazilian National Mining Ag...