Harvest Minerals Limited – Corporate and Operational Update

Harvest Minerals Limited – Corporate and Operational Update

Harvest Minerals Limited, the AIM listed fertiliser producer, is pleased to release the following corporate and operational update.

 Overview

  • Further additions to the internal sales and marketing team
  • KPfértil granted organic registration by the Brazilian Institute of Biodynamics;
  • Product storage expansion set to be completed in Q2 2019;
  • New demonstration farm planted adjacent to Arapuá project

Harvest’s Executive Chairman, Brian McMaster, said, “During the year, we have been working hard to develop our brand and distribution channels for KPfértil.  Whilst contracts with distributors can allow us to leverage existing sales teams and their relationships in the market, direct sales through our own sales team are equally as important to building our brand.  We are therefore delighted to have acquired most of the existing sales, support and marketing team at Geociclo to support this strategy.  This team has already made excellent progress, establishing first sales.  Additionally, with KPfértil’s recently granted organic status we anticipate this to further enhance sales performance. 

“We are pleased with the progress of the plant since it was commissioned. We are planning the expansion of our product storage capacity, which will be fully funded from available cash resources. We have recently slowed production due to early commencement of the rainy season, but the idiom ‘every cloud’ is even more true in our case as our customers are expecting a bumper harvest this year, which will mean they should be out in force to buy more KPfértil next year. 

To view the announcement with illustrative pictures, please use the following link: 

http://www.rns-pdf.londonstockexchange.com/rns/6800I_1-2018-11-27.pdf

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