reaction after site visit?

MOD machinations!

14
Mar 2013
8:42 pm
Financial Times-Sirius Minerals speculation of a cash call from the potash mine owner
http://www.directorstalk.com/financial-times-sirius-minerals-speculation-of-a-cash-call-from-the-potash-mine-owner/

Article referring to the Defence chiefs 
try to block plan for £1bn mine

York Potash Project approvals update

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to provide clarification on the York Potash Project planning approval process.

The North York Moors National Park Authority ("NYMNPA") and its specialist consultants have requested extra information in order to determine the planning application. This information needs to be provided by 3 April 2013 in order for the NYMNPA to meet the proposed decision date for the application, which has previously been stated by the NYMNPA as 21 May 2013. The Company is confident of being able to provide this information within the requested time.

The Company has also been made aware of a 'holding objection' by the Ministry of Defence ("MoD") in relation to RAF Fylingdales, which is adjacent to the area of interest of the York Potash Project. The Company is in ongoing dialogue with the MoD and is confident that it can provide the necessary technical information required to demonstrate that there will be no impact on this important facility.

As part of the NYMNPA's statutory consultation period for the determination of the application it has received responses from a range of statutory consultees. A response to this consultation from the Environment Agency was forwarded to the Company on 13 March 2013. This response requests additional information on aspects of the submitted Environmental Statement, particularly on hydrological issues. The Company is in the process of reviewing this and is confident it can provide the information requested.

SM11A Preliminary Coring Results


§ Intersection from the deflection SM11A successfully cored through the shelf seam of polyhalite at mine site

§ 41.6 metres of 86% polyhalite (including 27.3 metres at 93%) intersected within a total length of 57.2 metres

§ Independent geologists SRK have confirmed they expect the results of SM11 and SM11A will support the upgrading of a significant portion of the Inferred Resource to the Indicated category


The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to announce the completion of coring of the deflection SM11A (the mine site) at the York Potash Project.

Drilling of SM11A commenced on 8 March 2013 following the completion of the parent hole SM11. Coring of the Fordon Evaporites commenced on 14 March 2013 from 1450.1m below rotary table (bRT) down to 1592.5m bRT. Polyhalite was intersected between 1507.69m and 1564.84m bRT. 41.6 metres of 86% polyhalite was intersected in three seams separated by two anhydrite bands with a combined intersected thickness of 15.6m. There was 100% core recovery.

The preliminary results show a strong correlation between SM11 and SM11A confirming the continuity of the orebody over mining distances which SRK expects will enable the upgrading of a significant portion of the current Inferred Resource to the Indicated Resource category. This will occur following the receipt of chemical analysis of the SM11 core which is expected at the beginning of May and the Resource upgrade to follow later that month.

Chris Fraser, Managing Director and CEO of Sirius said:

"The completion of this deflection and the strong correlation is a further endorsement of the quality and geological consistency of the York Potash polyhalite orebody. We look forward to the important upgrade to Indicated Resource in the near future."

.

dont make a sirius mistake........

http://www.investorschronicle.co.uk/2013/03/26/tips-and-ideas/share-tips/tips-of-the-week/don-t-make-a-sirius-mistake-6Xz9jhYyCOoxq0CZ6bKrFO/article.html

'I've been wary of Sirius Minerals (SXX) ever since Chris Fraser, a former investment banker, acquired the York potash project and reversed it into Sirius in 2011 for £25.1m in shares and the position as chief executive. After all, his private company had only been set up in 2010 and had incurred an operating loss of just £362,000 by that time. The design of Sirius Minerals' potash mine has serious flaws that could result in shareholders losing their money..... '

SM11B Preliminary Coring Results

SM11B Preliminary Coring Results

§ Intersection from the deflection SM11B successfully cored through the shelf seam of polyhalite at mine site

§ 58 metres (true thickness) of 88% polyhalite intersected within a total length of 72.4 metres

§ The intersection confirms good correlation between the three intersections from SM11, 11A and 11B

§ SM11B will provide additional input into the upgraded resource report to be completed in early May

York Potash Project approvals update

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to provide an update on the York Potash Project planning approval process.

Following the requests for further information previously made by the North York Moors National Park Authority ("NYMNPA") and detailed in the Company announcement of 27 March 2013, the Company has now submitted a full range of documents on time.

Chris Fraser, Managing Director and CEO of Sirius, commented:

"We have submitted a robust and full set of documents that put forward a compelling case for the National Park to make a positive decision on 2 July 2013."

The Company has published a short webcast explaining elements of the planning process and this is available via www.siriusminerals.com.

The price has suddenly jumped 2 points this morning. I wonder what's afoot ?

Joking apart - have a listen Potash of Gold

1st broadcast yesterday.

Potash of Gold .

A most informative programme, intelligently put together. The overwhelming majority of people look to be in favour of the mine.

Perhaps the programme has beeen the spark to start them back up again.Up 4.5 since .

Sirius Minerals has increased the total mineral resource to 2.66 billion tonnes, at an average grade of 85.7% polyhalite, within an area representing 7% of the York Potash Area of Interest.

The updated resource comprises an indicated mineral resource of 820 million tonnes of polyhalite at an average grade of 87.3%, and an inferred mineral resource of 1.84 billion tonnes at an average grade of 85.1%.

A bit of good news which has boosted the s.p. on a day when the market is currently down 165 points

23 May 2013

Sirius Minerals Plc


York Potash Project holding objection update


The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to provide an update on the holding objection submitted by the Ministry of Defence to the York Potash Project planning application.

Following a meeting with representatives from the Ministry of Defence ("MoD") and RAF Fylingdales the Company has been informed that the MoD is minded to remove its holding objection to the York Potash planning application. This will occur following the successful agreement of planning conditions between the MoD, the North York Moors National Park Authority ("NYMNPA") and the Company which will allow for an on-going programme of monitoring to ensure no impact on the important facility.

The Company has been informed during its recent meeting with the MoD that it intends to agree these conditions in advance of a planning decision for the mine planning application, which is due to be made by the NYMNPA on 2 July 2013.

Chris Fraser, Managing Director and CEO of Sirius, commented:

"We welcome the MoD's intention to remove the objection following the submission of extra technical information showing that RAF Fylingdales will not be affected by the York Potash Project impact.

"Planning conditions are a sensible way to ensure important consultees are given comfort on our on-going commitment to the issues they raise, without incurring unnecessary delays."

points.

5 June 2013


Sirius Minerals Plc


York Potash Project approvals update


The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to provide an update on the York Potash Project planning approval process.

The Company and the North York Moors National Park Authority ("NYMNPA" or "the Authority") have agreed a small extension to the onshore planning application determination date. The Special Planning Committee meeting scheduled for 2 July 2013 will now be held on 29 July 2013.

The short extension will allow further feedback from statutory stakeholders to be provided to the Authority. Positive discussions have been held with the key statutory bodies with a view to resolving a number of the outstanding objections. In the course of those discussions some additional information has been provided by the Company and its consultants to clarify existing information. As a result of this additional submission the Authority must undertake a re-consultation exercise on that information to ensure robustness of the determination process.

The additional time will allow the Authority to prepare a detailed recommendation report having fully considered all of the information and a detailed set of planning conditions with a more complete understanding of feedback from the statutory bodies.

Both the Company and the Authority believe this extension is in the best interests of a robust determination and is made under the spirit of the best practice 'Planning Performance Agreement' which the Company entered into with the Authority.

Chris Fraser, Managing Director and CEO of Sirius, commented:

"We welcome a small extension that allows the remaining issues to be properly considered by the Authority before it makes its decision on 29 July. We remain focused on achieving the positive determination that will enable the project to progress rapidly towards production and will unlock all of the benefits to the local, regional and national economies."

27 June 2013


Sirius Minerals Plc


Major Polyhalite Offtake Contract


The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to announce that it has entered into an offtake agreement with Yunnan TCT Yong-Zhe Company Limited ("TCT") for the sale of 1 million tonnes per annum ("mtpa") of polyhalite for 10 years from 2017 (the "Offtake").

The Offtake is for a fixed price per tonne for the first 3 years ("Initial Price") with a re-negotiation of pricing from year 4 onwards. The Initial Price will remain confidential but is in line with the Company's assumptions used for its 'base case' NPV modelling. The agreement contains certain conditions including collaboration on testing and results from crop trials of polyhalite in Yunnan and also Chinese government approvals.

The signing ceremony took place in Kunming and was attended by senior government officials from the Yunnan Province as well as senior executives from the Industrial and Commercial Bank of China ("ICBC").

TCT is one of the fastest growing domestic agricultural products companies in China, integrating production and distribution of agricultural products along with import and export trade and agrochemical services. Privately owned, TCT's head office is in Kunming in the Yunnan Province and also operates in the important agricultural provinces of Sichuan, Guizhou, Hainan, Guangzhou, plus Beijing and Shanghai.

Yu Yan Qing, CEO of TCT, commented:

"We see great potential in polyhalite as an organic multi-nutrient fertilizer that can provide a competitive advance in agricultural efficiency and helping to increase crop yields and quality in China. This is an important step for a long term and prosperous relationship between TCT and Sirius Minerals."

Mr. He Yu, the Head of Business Financial Department at ICBC Yunnan regional headquarters said:

"TCT and ICBC have been in a close working relationship for a long period of time. We are very supportive of TCT expanding their business in the agriculture sector and fully support the sales agreement between TCT and Sirius Minerals. We are looking forward to working with Sirius Minerals to support the York Potash Project to bring polyhalite to Yunnan."

Chris Fraser, Managing Director and CEO of Sirius, commented:

"This is a major milestone for the Company that further demonstrates the market for polyhalite, supports the economics behind the project and will ultimately help to give confidence in the financing for construction.

"The Offtake agreement is the latest endorsement of the global demand for polyhalite, its unique multi-nutrient qualities and the role that balanced fertilisation can play in the largest fertilizer market in the world. We look forward to working with TCT to realise the outstanding potential for polyhalite."