Business
Permit Update
Permit Update.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 3858Z Harvest Minerals Limited 14 March 2017 \n\n14 March 2017\nHarvest Minerals Limited \n(\"Harvest\" or the \"Company\")\n \nARAPUA FERTILISER PROJECT\nPOSITIVE UPDATE ON PERMITTING \n \nHarvest Minerals Limited (AIM:HMI) is pleased to provide an update on the future permitting at its 100% owned Arapuá Fertilizer Project (\"the Project\") in Minas Gerais State, Brazil.\nHighlights\n· Trial Mining Permit extended, allowing Harvest to continue mining on a rolling 50kt basis;\n· Full Mining Licence application to be submitted in April 2017;\nTrial Mining Permit and Mining Concession\nAs previously announced on 22 December 2016, Harvest was granted a trial mining permit (Guia de Utilização) which remains in place until 28 April 2017. \nFollowing consultation with the Departamento Nacional de Produção Mineral (\"DNPM\"), and given the positive developments and results at the Project to date, including the increased Mineral Resource estimate as announced on 27 February 2017, Harvest has elected to submit an application for a Full Mining Licence (\"FML\"). This application will be lodged during April 2017. \nHaving already applied to extend the Trial Mining Permit, Harvest can automatically continue operating under the Trial Mining Permit without interruption until a decision on the FML is reached. \nAs part of the FML application process, Harvest will submit a Final Exploration Report to the DNPM detailing all of the geological, metallurgical and agronomic work Harvest has completed at the Project to date. Once this is approved, Harvest has a further one year to submit a feasibility study and the respective application to the DNPM. \nApproval of the FML is likely to take between 1-2 years depending on when Harvest decides to submit the feasibility study. As noted above, Harvest can continue to operate without interruption during this period. Harvest remains fully funded to complete the work associated with the FML application.\n \n \nCommenting on the update, Executive Chairman of Harvest, Brian McMaster stated: \n\"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 pr...