North Dakota: Commencement of drilling
"Further to the announcement of 19 October 2010, the Directors of Sirius Minerals Plc the potash mining group, are pleased to announce that drilling has commenced on its North Dakota property.

Through the drilling programme being carried out by Schlumberger Water Services USA Inc and North Rim Exploration Ltd a single exploratory hole is being drilled to a total depth of approximately 8,990ft (approximately 2,740meters). The drill core will then be sent to NREL's core facility in Saskatoon for detailed core descriptions and geochemical sample selection. The samples will then be sent to and analysed at the Saskatchewan Research Council laboratory in Saskatoon. It is anticipated that the drilling, core logging and analysis will take approximately two months to complete."

hc good post

good presentation here /www.objectivecapitalconferences.com/ocic/rpoulden.html

i am still topping up sxx while still cheap - substantial upside here

expect this to be one of my biggest earners next year - already doing nicely! in skr too - others - rrr - need i say more! bmr, rrl etc etc

I'm in SXX too - waiting for better sp performance next yr.
I'm in RRR, RGM ,BAO, AAU, VGM and a few others too! it's all looking good !

skyhigh - nice one - some wise investments - should be good for us next year - if interested you may already know - mtv - i am awaiting (& many other of course!) contract win rns which should be announced very soon - waiting for the spike - only mention as so close now imo - intend top slicing on the spike when it arrives and leaving rest to run there - up to you - i am sure you will have many others anyhow - gl

"The Directors of Sirius Minerals Plc, are pleased to announce that its wholly owned subsidiary, Dakota Salts LLC ("Dakota Salts"), has acquired a further 1,220 net mineral acres of lease areas adjacent to its existing properties in North Dakota.

The new acreage has been acquired from multiple unconnected owners for nominal initial cash payments per mineral acre with royalty payments due on mining production in line with industry norms. The Company now controls some 8,645 net mineral acres of lease areas overlying the Williston Basin, having an overall land position of approximately 19,847 gross mineral acres within North Dakota.

The Williston Basin currently accounts for approximately a third of global potash production."

Up 11% today with heavy volume.

Good volume today.

Yes. Any reason that you know of?

Im guess specultaion about this from the recent RNS.

"We are pleased with the strong progress being made in North Dakota both in terms of our continuing land acquisition programme and our initial drilling activity. Coring of the Prairie Evaporate Formation at our first location is on schedule and expected to be completed within 18 days. The core samples will then be sent off for extensive laboratory tests."

Taken my profits here - 50+%.Good luck to any holders.

Yep, am still holding from 7p, but have to admit that I am probably pushing my luck holding on.

Got cold feet & sold this morning. Purely selfish, but now hope the sp dips to 9p!

...which it hasn't! up 11% so far this morning.

StockMarketWire.com
Potash mining group Sirius Minerals plc posted a pre-tax loss of £1.0m for the six months to September, up from £0.66m, on the back of an increase in administrative expenses.

During the period, the balance sheet was strengthened with an equity injection of £3m. Cash at September 30 stood at £3.1m.

The company changed its name from Sirius Exploration to reflect a change in strategy.

Chairman Chris Catlow said that progress made by the company coincided with a time when the broader markets 'have begun to better understand the long-term global potash demand/supply issues and the opportunities this creates for Sirius to become a major potash powerhouse within that environment'.

Drilling began on November 9. The company had no revenue in the period.

"The Directors of Sirius Minerals Plc are pleased to announce that the Company has issued 12,500,000 New Ordinary Shares of 0.25 pence at a price of 10.4 pence per share to Scrimshaw Nominees Pty Ltd as trustee for the Scrimshaw Family Trust. The proceeds of 1.3m will be used for general working capital purposes.

In addition, the Company has granted 37,500,000 options to Scrimshaw Nominees Pty Ltd as trustee for the Scrimshaw Family Trust to be exercised at any time within a five year period from the date of grant. The options have been allotted in three tranches:

12,500,000 options at an exercise price of 25 pence;

12,500,000 at 35 pence; and

12,500,000 options at 45 pence.

It is intended that Mr. Russell Scrimshaw be appointed as a non-executive director of the Company shortly and a further announcement will be made confirming this appointment and providing further information as required by the AIM Rules."

SP still climbing this morning... it's looking good! (hope I'm not speaking too soon!)

North Dakota: land acquisition and drilling update

The Directors of Sirius Minerals Plc (AIM: SXX, OTC: SRUXY), the potash mining group, are pleased to announce that its wholly owned subsidiary, Dakota Salts LLC ("Dakota Salts"), has acquired a further 1445 net mineral acres of lease areas adjacent to its existing properties in North Dakota. The Company now controls some 10,090 net mineral acres of lease areas overlying the Williston Basin, having an overall land position of approximately 21,492 gross mineral acres within North Dakota.

The new acreage has been acquired from multiple unconnected owners for nominal initial cash payments per mineral acre with royalty payments due on mining production in line with industry norms.

Time to be watching for a bounce, imo.

related
http://seekingalpha.com/article/245634-3-commodities-that-will-shine-in-2011-fertilizer-lithium-and-uranium

Acquisition of York Potash Ltd and CEO appointment


The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce:

the acquisition of York Potash Ltd; and

the appointment of York Potash's founder, Chris Fraser, as Managing Director and Chief Executive Officer of Sirius.


YORK POTASH ACQUISITION

Key facts

Various agreements in relation to mineral rights both onshore and offshore over approximately 600km2 between the towns of Whitby and Scarborough in England, UK;

Situated in a known high grade potash region with existing operations on an adjacent property;

Extensive historical data from previous potash and petroleum exploration in existence;

Established as one of the world's largest deposits of polyhalite at mineable depths;

JORC Exploration Target1 of between 3.3 and 6.0 Billion tonnes of 67% to 94% polyhalite (19% to 27% K2SO4); and

JORC Exploration Target1 of between 330 and 400 Million tonnes of 35% to 40% of potassium chloride