Harvest Minerals gets approval of Final Exploration Report #HMI

By Patricia Miller


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Harvest Minerals’ (LSE:HMI) announces that the Final Exploration Report (‘FER’) for its Arapua Fertiliser Project has been approved by the Department of Mines (‘DNPM’) following a site visit.  The company At present currently operates under a four-year Trial Mining Permit but now intends to submit an environmental report and then a feasibility study as the final steps in the application process for a Full Mining Licence (FML).

This follows yesterday’s RNS from the company announcing a slight delay to the certification process for its multi-nutrient fertiliser product KPfertil.  The share price is currently 20% off recent highs and may offer an opportunity for entry to those interested in the story with a little more patience. I also note on the chart that the Relative Strength Index (RSI) has dropped to around 54 which positions it nicely for any subsequent increase in price.

Author: Stuart Langelaan

Disclosure: The author of this piece does not own shares in the company mentioned


In this article:

Author: Patricia Miller

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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