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.

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

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
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
Do you own shares in Sirius Minerals? Here’s what you need to do now
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

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
It's not just the UK – we're seeing pandemic housing booms across the globe
Property

It's not just the UK – we're seeing pandemic housing booms across the globe

Soaring house prices aren’t just a UK thing, they’re a worldwide phenomenon. And it’s no coincidence – the underlying cause is much the same. John Ste…
18 Jan 2021