Shares are down 0.25,on heavy trade, but there looks to be mostly buying

StockMarketWire.com
Sirius Minerals has announced the mineralogical assay results of the second borehole drilled at the York Potash Project.

Chris Fraser, Managing Director and CEO of Sirius said: "The assay results of the second new hole in the York Potash Project have continued the strong results obtained from the drilling programme. These important results have confirmed the visual interpretation of the cores, the geological model and the world-class nature of the York Potash Project.

"While work continues on the drilling programme and interpretation of these results, the early indications of this work are that the new boreholes are confirming the geological continuity throughout the project area. The polyhalite grade and thickness found in SM1 and SM2 have both exceeded the assumptions used to determine the JORC Exploration Target of 3.3 to 6.0 billion tonnes of 67% to 94% polyhalite.

Fraser added: "The outstanding thicknesses, grade and continuity obtained in the drilling programme are being incorporated into the Detailed Scoping Study as soon as we receive them. However, through the combination of drilling delays, the better than expected scale and quality of the deposit together with the revised approach to accessing the ore body introduced by the quality of the Shelf Seam, we expect it will take until the end of April to optimise and complete the Detailed Scoping Study."

I suppose an English translation of all this must be good news. It doesn't seemed to have helped the SP , though the share is reckoned to be undervalued.

Here comes the train man!

Appointment of Sir David Higgins

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, announce the appointment of Sir David Higgins as a Non-Executive Director of the Company and that Derek Stonley will be stepping down as Non-Executive Director. Both changes to the Board will take place with immediate effect.

RNS Number : 5476A

Sirius Minerals Plc

02 April 2012

2 April 2012

Sirius Minerals Plc

("Sirius" or the "Company")

Jefferies Hoare Govett Appointed Joint Broker

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce that the Company has appointed Jefferies Hoare Govett ("Jefferies"), a division of Jefferies International Limited, to act as its Joint Broker with immediate effect.

Chris Fraser, Managing Director and CEO of Sirius said:

"We are delighted to appoint Jefferies Hoare Govett as our joint broker. With its US platform and capabilities across research, sales and investment banking in the metals and mining sector, the addition of Jefferies to our existing team gives Sirius enhanced access to market leading expertise. Alongside our existing brokers Macquarie and Liberum, Jefferies will help us advance towards our goal of becoming a leading producer in the global potash industry."

Sirius Minerals Plc

("Sirius" or the "Company")

Completion of York Potash Detailed Scoping Study

§ Detailed Scoping Study confirms technical and economic viability of the York Potash Project

§ Phased approach to development with three year initial construction period, targeting first production in early 2017

§ Estimated Phase 1 start-up capital cost of US$2.7 billion1 for mining and processing of 5mtpa of Polyhalite ore to produce 1.4mtpa of Sulphate of Potash ("SOP")

§ Phase 2 expansion to produce 4.1mtpa of SOP by 2024 or earlier

§ Robust cash FOB operating cost estimate of US$225/t1 of SOP and US$65/t1 of SOP after by-product credits

§ Low impact sustainable development potentially becoming one of North Yorkshire's largest employers


Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, is pleased to announce the completion of the Detailed Scoping Study (the "Study", "DSS") for the Company's 100% owned York Potash Project (the "Project", "York Potash").

Chris Fraser, Managing Director and CEO of Sirius commented:

"The completion of the York Potash Detailed Scoping Study is a significant achievement for Sirius and the results confirm the strength and quality of the Project. York Potash has the potential to be the largest low cost SOP mine in the world and towards the bottom of the global potash cost curve after accounting for the potential value of the by-products produced by the Project.

The estimated US$2.7 billion Phase 1 capital that is required to become a significant global producer is competitive and we believe financeable. The successful completion of the Detailed Scoping Study allows us to quickly progress onto the feasibility studies which will further define and de-risk the Project in preparation for financing. Our next milestone for the Project is to deliver the maiden JORC resource statement at the end of May 2012."

Assay Results for SM3

Assay Results for SM3

§ Preliminary visual interpretation of intersected Shelf Seam confirmed

§ 25.2 metres of 87.5% polyhalite (25.3% K2SO4) including 16.2 metres of high grade 95.9% polyhalite (27.7% K2SO4)

§ SM3 deflection drilling completed showing a consistent overall seam thickness compared to the "mother" hole with approximately 50m total polyhalite mineralisation

§ SM6 drilling progressing well with new rig, preliminary results expected in the next few weeks

All good news, so I reckon the pull back is all about the time it takes to start producing the goods, 2017. Also, the £2.7 Billion cost.

Down again today - just out of auction.

The real potential is going to be as a takeover target by one of the big boys, I think

Looks like this could fall to fill the gap around 12p. Any thoughts? H

That's where my alert is set :-)

Launch of the York Potash Foundation


§ York Potash Foundation (the "Foundation") established to provide funding for the local community in North Yorkshire

§ Sirius to pay an annual royalty of 0.5% of revenues from the York Potash Project (the "Project") to the Foundation, estimated to be £3 million at Phase 1 production and up to £9 million at Phase 2

Maiden Resource Estimate.

York Potash Inferred Resource - 1.35 billion tonnes of 88.7% Polyhalite

§ World-class nature of York Potash confirmed from just the initial three drill holes, delivering the largest and highest grade Polyhalite resource globally

§ Inferred Resource of 1.35 billion tonnes of 88.7% Polyhalite (25.6% K2SO4) within an area representing only 2% of the revised project area

§ High grade mineralisation within Inferred Resource of 0.94 billion tonnes of 94.0% Polyhalite (27.2% K2SO4)

Senior Management Appointment.

Senior Management Appointment - Alan Watling

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company"), the globally diversified Potash development group, are pleased to announce the appointment of Mr Alan Watling as Managing Director York Potash. Alan will be responsible for leading the project through feasibility studies to construction and delivery of the York Potash Project into production. He will commence on 2 July 2012, and will be based at the new York Potash offices in Scarborough, North Yorkshire.

Alan has nearly 30 years' experience in mining and has been responsible for leading some of the most successful project developments in the global mining industry. In recent years his focus has been to deliver complex multi-faceted bulk minerals projects in record timeframes, creating low-cost operations and significant wealth for shareholders.

StockMarketWire.com
The Directors of Sirius Minerals have announced the mineralogical assay results of the deflection of the third borehole (SM3A) and provided an update of drilling at the York Potash Project.

Assay results of SM3A, the SM3 deflection, confirm similar thickness and grade of polyhalite as SM3 with 23.02m (true thickness) of 93.0% polyhalite in the Shelf Seam

SM4 and SM4A deflection completed with preliminary results confirming the presence of high grade polyhalite in the Shelf Seam approximately 4 miles from SM3

Chris Fraser, Managing Director and CEO of Sirius said: "The results of deflection drilling at SM3A and SM4A help to confirm the lateral consistency of the deposit which is an important step to achieve sufficient defined resource to underpin financing of the Project.

"These results provide further confidence of the world-class nature of the York Potash Project following the release of our maiden Resource delivering the world's largest and highest grade resource of polyhalite."

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mnamreh - 18 Jul 2012 13:04 - 336 of 336
Looks like some large buys going through SXX today.

Nevertheless, sp still drifting down!

Still waiting for 12p :-)

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