Harvest Minerals Limited Sales Update (3725N)
29 Septiembre 2021 - 3:18AM
UK Regulatory
TIDMHMI
RNS Number : 3725N
Harvest Minerals Limited
29 September 2021
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector:
Mining
29 September 2021
Harvest Minerals Limited ('Harvest' or the 'Company')
Third Quarter 2021 KP Fértil(R) Sales
Harvest Minerals Limited, the AIM listed remineraliser producer,
is pleased to provide an update on its KP Fértil(R) sales
performance during the third quarter of 2021 from its 100% owned
Arapua Fertiliser Project in Brazil ('Arapua').
Highlights:
-- Accumulated sales as at end of September 2021 reached 93% of entire 2021-year target
o 74,159 tonnes sold from Jan-Sep 2021 - compares to 80,000
tonnes target for 2021
o 196% increase over same period of 2020
-- 46,166 tonnes of KP Fértil(R) sold in Q3 2021
o 5% higher than management budget of 44,000 tonnes
o represents a 165% increase in total tonnage compared to Q3
2020
-- Strong sales performance expected for the remainder of the year.
Brian McMaster, Chairman of Harvest, said: "Our performance year
to date substantially exceeds our prior sales estimate and we are
now at 93% of our previous sales target for the entire 2021. We
anticipate sales to remain strong in the last quarter of the year
and therefore expect to surpass our original sales target. Our
performance continues to be a result of the quality of our product.
our marketing campaigns associated with a well-planned production
and storage schedule and importantly the talent and dedication of
our team. I look forward to reporting a robust performance for the
remainder of the year while our team start to plan our path for
further growth in 2022 and beyond."
Review of Operations
During the third quarter of 2021, Harvest achieved a total sales
volume of 46,166 tonnes of its KP Fértil(R), representing a 165%
increase over the sales realized in the same period of 2020, and
despite the challenges imposed by the pandemic. The total
accumulated sales in the first nine months of the year achieved
74,159 tonnes compared to 37,906 tonnes for the January - September
period in 2020. Such sales performance accounts for 93% of the
total sales target budgeted for the entire 2021.
The extensive marketing campaign launched in May 2021 for
coffee, sugarcane and other crops, along with an effective schedule
of production have been the key catalysts to boost KP Fértil(R)
sales performance. Sales of the higher margin 25kg bag option
initiated in June 2021, targeting small to medium sized farmers and
resellers, have also started to contribute to the overall
performance. New and ongoing marketing activities have focused on
placement of our KP Fértil(R) in other regions beyond our immediate
market in Minas Gerais and Sao Paulo
**ENDS**
For further information, please visit www.harvestminerals.net or
contact:
Harvest Minerals Limited Brian McMaster Tel: +44 (0) 203
(Chairman) 940 6625
Strand Hanson Limited James Spinney Tel: +44 (0) 20
Nominated & Financial Ritchie Balmer 7409 3494
Adviser Jack Botros
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
Broker 9900
St Brides Partners Ltd I sabel de Salis Tel: +44 (0) 20 7236
Financial PR 117
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END
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September 29, 2021 04:18 ET (08:18 GMT)
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