De-icing salt opportunity

§ Scoping study identifies de-icing salt as an additional product line
§ 550 million tonnes JORC compliant Inferred Mineral Resource of high grade de-icing salt
§ Salt production could be used to utilise excess infrastructure capacity as polyhalite production levels vary according to the Company's price and volume strategy
§ US$29m capital investment required to facilitate additional infrastructure capable of producing at a rate of 2 Mtpa
§ Disruptive influence as a low cost salt producer, ideally located to serve major markets of Europe and North America as a swing supplier

Capital funding requirement reduction

§ Contractor engagement has delivered an enhanced implementation approach for the Company's North Yorkshire polyhalite project
§ Total capital funding requirement has been reduced to US$2.91 billion (18% reduction)
§ Stage 1 capital funding requirement has been reduced to US$1.09 billion (33% reduction)
§ Updated Project net present value ("NPV") of US$15.2 billion
§ Updated Project after-tax debt-free internal rate of return ("IRR") of 28%
§ Positive progress on the Company's financing plans with a number of parties undertaking detailed due diligence

Approvals update - Harbour approval secured

Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announces that it has received government approval for the Harbour Facilities element of its North Yorkshire polyhalite project (the "Project"). As a result, all major approvals for the Project have now been granted.

The Company has today been informed by the Department for Transport that the Secretary of State has approved its Development Consent Order ("DCO") for the Harbour Facilities at Teesside. This includes the new berth, ship loading facilities and the conveyor linkage to the Company's materials handling facility at the Wilton International site. The DCO includes all the compulsory purchase powers needed to develop the Harbour Facilities.

Chris Fraser Managing Director and CEO said:

"We're delighted to have secured this final approval for the Project and would like to thank everyone who has contributed towards the positive determinations of all of the planning applications and the DCO application.

"Our team is currently actively engaged in the financing phase of the Project and I look forward to providing further updates in due course. We are closer than ever to delivering this world-class Project."

A copy of the decision letter is available on the National Infrastructure Planning website: https://infrastructure.planninginspectorate.gov.uk/projects/north-east/york-potash-harbour-facilities-order/

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Looking good!

Good luck, but last time that happened it came down faster than it went up!

Harry - hopefully progressing this time - I've got them from 7.4p to 24p and now looking quite healthy!

Approaching its all time high of 32, reached nearly 5 years ago.

Without wishing to be pedantic, it hit 33.75p on 28/11/2011, but still moving in the right direction.

A new high @35p.

And on heavy volumes.

bought @23p 1-7-15 my question is will s/p fall from here , due to refinancing,
s/p of shares do have a habit of rising as we have seen, punters get sucked in,
then blown out with a rights or placing, s/p now 37p. very long term if you have the years its OK. BB

$64,000 question :-)

Interim results for period to 30 June 2016

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announce the condensed interim unaudited consolidated financial statements for Sirius and its subsidiaries ("the Group") for the six-month period ended 30 June 2016.

Highlights

· Completion of definitive feasibility study for the Company's North Yorkshire Polyhalite Project (the "Project").

· Selection of preferred construction contractors for the Project - Associated Mining Construction (UK) and Hochtief Murphy joint ventures.

· The announcement of a Project capital funding requirement of US$2.91 billion and a Stage 1 capital funding requirement of US$1.09 billion.

· Take-or-pay offtake agreement with Yunnan Dian Huang Peony Industrial Group Co. Ltd (Dian Huang).

· Appointment of Louise Hardy as a Non-executive director to the Board.

· Increase of the Company's polyhalite probable reserve.

· Announcement of the details of a potential de-icing salt opportunity as part of an opportunistic strategy to generate additional revenues.

Post-balance sheet events

· Government approval for the harbour facilities element of the Project which includes a new berth, ship loading facilities and conveyor linkage to the materials handling facility and all the compulsory purchase powers needed to develop them. As a result, all major approvals for the Project have been granted.

Financials

· During the six-month period ended 30 June 2016 the Group made a consolidated loss of £4.1 million compared to a loss of £4.7 million for the six-month period (April to September) last year.

· Cash resources at the end of June 2016 were £16.9 million compared to £29.1 million at 31 December 2015 and £25.1 million at 30 September 2015.

· The Group's net assets at 30 June 2016 were £161.7 million compared to £165.2 million at 30 December 2015 and £153.4 million at 30 September 2015.



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

"It has been another period of progress for Sirius, during which time we have successfully secured the final major approval for our important Project and set the platform for the advancement of our financing strategy."

15 Aug Liberum Capital Buy 36.38 40.00 40.00 Retains

We can but hope!

strap in for lift off!!

gla

Is that a prediction?
I thought perhaps we already had it.

plenty in the tank here - should be preparing for 3 figures

Just a thought.....cash burn is approx £8m per six months. Cash in the bank at June 2016 was £17m (I have rounded up/down the figures). Assuming cash burn is steady, which it probably won't be...I assume an increase....there is only enough cash remaining until June 2017. I can't imagine they will wait until the last minute, so a big placing has to be in the pipeline?