Business
Unaudited Interim Results
Unaudited Interim Results.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 5100U Harvest Minerals Limited 29 March 2019 \n\n \n \n \n \nHarvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining\n29 March 2019\nHarvest Minerals Limited ('Harvest' or the 'Company')\nUnaudited Interim Results for Period Ended 31 Dec 2018\n \nHarvest Minerals Limited, the AIM listed fertiliser producer, is pleased to announce its unaudited interim results for the six-month period ended 31 December 2018.\n \nHighlights \n· Focused on developing a profitable, sustainable business for the long term \n· Completed the mine and associated processing plant build-out at Arapuá Project to facilitate the production of 320Ktpa fertiliser, KPfértil\n· Produced KPfértil to service existing and new sales contracts\n· Received approval from MAPA to register KPfértil as a remineraliser \n· Continued generation of impressive agronomic results, providing further validation for KPfértil \n· Increased marketing activities in emerging marketplaces in Brazil \n· Planted demonstration farm adjacent to site to show benefits to prospective customers \n· Improving month-on-month sales rates and repeat customers on maintained selling price\n· Initial revenue numbers of A$1,048,062. having only just commenced approaching the marketplace in earnest during the review period\n· Production costs anticipated to stabilise to below the US$10/t mark\n \nChairman's Statement\n2018 was a transformational year for Harvest Minerals Limited ('Harvest or the 'Company') with the period under review playing a crucial role in that process, as we focused on generating value for shareholders through realising several key milestones and establishing a firm platform for future growth. \n \nDuring the review period, we concentrated on the continued development of our Arapuá Project ('the Project'), in the heart of the largest and fastest growing fertiliser market in Brazil, where we produce KPfértil, a registered and approved organic multi-nutrient fertiliser that contains many of the essential nutrients required by plants. \n \nIn June 2018, following an oversubscribed placing, Harves...