Sirius Minerals increases York Potash Mineral Resource

AIM-listed diversified potash development company Sirius Minerals has increased and upgraded its York Potash Mineral Resource.

AIM-listed diversified potash development company Sirius Minerals has increased and upgraded its York Potash Mineral Resource.

In an operational update issued on Tuesday, the company reported an increase of total mineral resource to 2.66bn tonnes at an average grade of 85.7% of polyhalite within an area representing 7.0% of the York Potash area of interest.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.

It additionally reported an upgrade of 820m tonnes of polyhalite at an average grade of 87.3% to indicated category.

Chris Fraser, Managing Director and Chief Executive Officer of Sirius, said: "The scale and quality of the York Potash deposit has been known about for some time, but the upgrade to an indicated status is another key milestone for the project and one that will give further comfort in the strength of the project and this globally significant deposit."

Advertisement - Article continues below

Polyhalite is a multi-nutrient mineral containing four of the six macro-nutrients required for plant growth.

Sirius Minerals' share price was unchanged at 27p at 09:34 on Tuesday.




Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020
Share tips

Class acts going cheap: buy into Europe’s best bargains

Value investing appears to be making a comeback, while shares on this side of the Atlantic are more appealing on metrics such as price/earnings ratios…
16 Jan 2020

Most Popular


Extraordinary times create extraordinary opportunities – these assets look cheap

With the stage set for some monumental fiscal stimulus, this is most definitely a time to own some gold. And if you’re bold enough, says Dominic Frisb…
18 Mar 2020
Government bonds

The corona crisis will mark the end of the longest-running trend in markets

With politicians and central bankers enthusiastically embracing money printing and a recession almost certainly not too far off, the slide in bond yie…
20 Mar 2020
Global Economy

The MoneyWeek podcast – The end of capitalism?

John and Merryn talk about the – hopefully temporary – suspension of capitalism as government stimulus takes off in a big way. Plus, how this crisis m…
18 Mar 2020

Why investors shouldn’t overlook Europe

SPONSORED CONTENT - Ollie Beckett, manager of the TR European Growth Trust, tackles investor questions around Europe’s economic outlook and the conseq…
6 Nov 2019