Sirius Minerals, the AIM-listed Potash exploration and mining group, remains upbeat about its York Potash Project after the latest drilling results showed high-grade materials.
"The latest results from our drilling programme continue to build confidence in the extent and quality of the world class polyhalite resource at York Potash.Following detailed analysis of both drilling and the recently acquired seismic data, the company is now working to upgrade the size and category of the resource estimate," said Managing Director and Chief Executive Chris Fraser.
SM7 achieved the thickest intersection of high-grade polyhalite in the project to date - an estimated 85m intersection of 88% polyhalite. Interpretation of true-thickness is still awaiting completion.
Subscribe to 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
Meanwhile, the group said that SM4, SM4A and SM6 drilling results have proved continuity of high-grade polyhalite (of over 80%).
-
Watch out for fake Steven Bartlett video – you could lose thousandsScammers are trying to tap into the Trump tariffs chaos, but knowing what to look out for could save you thousands of pounds, says Kalpana Fitzpatrick
-
Can Donald Trump fire Jay Powell – and what do his threats mean for investors?Donald Trump has been vocal in his criticism of Jerome "Jay" Powell, chairman of the Federal Reserve. What do his threats to fire him mean for markets and investors?
