Fertiliser firm Harvest Minerals (LSE:HMI) has released a new corporate presentation to update investors on its plans for 2019. Harvest’s flagship asset it the 14,946-hectare Arapua fertiliser project in Brazil’s Minas Gerais agriculture belt. Here, it produces a multi-nutrient, slow release, organic, government-certified remineraliser called KPfertil.
According to the business, KPfertil offers many economic and agronomic benefits to local farmers. It also aims to address the significant demand for locally-produced fertiliser in Brazil. As it stands, the country imports 90pc of its potash. However, it rather ambitiously intends to be self-sufficient in fertiliser by next year.
Arapua is a shallow, low-cost mine with an indicated and inferred resource of 13.07Mt at 3.1pc potassium oxide and 2.49pc phosphorus pentoxide. This is based on drilling just 6.7pc of known mineralisation, which Harvest believes to leave significant upside potential. The existing resource is equivalent to more than 29 years of production.
In its new presentation, Harvest lays out its rationale for focusing on Brazil’s fertiliser market and provides a rundown of KPfertil and its production process. It also recounts its significant progress in 2018 – which included getting KPfertil government registered and securing its first significant sales contracts – before laying out its plans for 2019. Finally, the business states what it believes to be the case for investing in its shares, using the tagline ‘simple product, ideal location, revenue generating’.
It follows the launch of Harvest’s new corporate website earlier this week. This can be found at www.harvestminerals.net.
Author: Daniel Flynn
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