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.
It additionally reported an upgrade of 820m tonnes of polyhalite at an average grade of 87.3% to indicated category.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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."
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.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
The UK cities where it’s cheaper to buy a house than rent
For people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
-
Review: The Grill at the Dorchester
The Grill at the Dorchester has a new, easy-going atmosphere, but the food is serious: from punchy beef wellington to grown-up tarte tatin, says Dan McEvoy