Sirius Minerals Plc (SRUXY: OTC Link) | Further Planning Approvals

Further Planning Approvals

Aug 18, 2011

OTC Disclosure News Service

London, United Kingdom –

For immediate release: 18 AUGUST 2011

 

Sirius Minerals Plc

(“Sirius” or the “Company”)

 

Further Planning Approvals

 

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce the approval by the North York Moors National Park Authority of an additional planning application for a drill site for the York Potash Project, with another approved subject to the receipt of confirmations from certain government agencies. 

 

In a meeting held today in Helmsley, North Yorkshire, the Members of the North York Moors National Park Planning Committee unanimously approved one application, with a further application unanimously approved subject to written confirmations from the Environment Agency and Natural England.  These further responses were not received in time for the committee meeting so final approval is expected to be given by the Director of Planning under the delegated process.  This is anticipated in the very near future and fits with the company’s current drilling programme.

 

Chris Fraser, Managing Director and CEO of Sirius, said:

 

“Work is now well underway on the York Potash drilling programme with rapid progress made over the last two months.  Securing these new approvals continues the good momentum of the project and is testament to our commitment to deliver this phase of the project in the shortest time possible.  We will continue to work positively with the local community and decision making bodies to deliver the very best project possible.”

 

 

For further information, please contact:

 

 

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), the United States (North Dakota), and Australia (Queensland and Western Australia).

 

The Company is additionally progressing ongoing Research and Development initiatives into the secondary uses of salt and potash beds for energy storage and carbon dioxide sequestration.

 

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 the use of a sponsored ADR facility.  Further information on the Company can be found at www.siriusminerals.com.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/SRUXY/news?id=34404

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