18th Jul 2013 12:37
18 July 2013
Sirius Minerals Plc
York Potash Project approval decision deferral - update
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") provide an update on the York Potash Project planning approval process.
Further to the announcement made earlier today, the Company has been informed that the North York Moors National Park Authority ("NYMNPA" or "the Authority") has accepted its request to defer the determination of its York Potash onshore mining application, which was due to be considered by the Planning Committee of the Authority on 29 July 2013.
Updates on timing implications will be provided after further discussions with the Authority and Company consultants have been held.
Chris Fraser, Managing Director and CEO of Sirius, commented:
"It's right that some extra time is taken to enable a robust decision to be made by the National Park members. We will continue to work collaboratively with the Authority, its consultants and all the key statutory agencies to address the issues that have been raised. The Company has a current cash balance of £10 million and with the drilling programme coming to an end we are well placed from a funding perspective."
For further information, please contact:
Sirius Minerals Plc | |||
Investor Relations
| Tel: +44 8455 240 247
| Email: | |
NOMAD/ Joint Broker | Joint Brokers | Joint Brokers | Media Enquiries |
Macquarie Capital (Europe) Limited | Liberum Capital Limited | Jefferies Hoare Govett | Pelham Bell Pottinger |
Steve Baldwin, Raj Khatri | Michael Rawlinson, Clayton Bush | Peter Bacchus
| Charles Vivian, Lorna Spears |
Tel: +44 20 3037 2000 | Tel: +44 20 3100 2222 | Tel: +44 20 7029 8000 | Tel: +44 20 7861 3232 |
About Sirius Minerals Plc
Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits. Today it holds properties in the United Kingdom (North Yorkshire) and the United States (North Dakota). Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in the United States on the OTCQX through a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.
Related Shares:
Sirius Minerals