News: Harvest Minerals looks to bountiful potash harvest in Brazil

  1. Harvest Minerals (ASX:HMI) has beneficiated a bulk sample from its Arapua Fertilizer Project located in Minas Gerais State in Brazil that has delivered a potentially commercial grade product.

    Flotation test work on weathered kamafugitic rocks from the Arapua Project delivered a mass recovery of 20.4% with an average grade of 25.2% P2O5 from a simple processing route.

    Significantly, the Project is located next door to mining major Vale's potash project in Brazil which accounts for 10% of Brazil's potash requirements.

    Brazil is the third largest potash consumer and currently imports 90% of its potash needs, providing an opportunity for Harvest Minerals with its adjacent Arapua Project to develop a potash producing project.

    Brazil also imports 51% of the phosphate it consumes.

    Demand is forecast to be very strong for fertilizer in Brazil over the next 10 years and expected to be twice as large as global demand. The reason? Brazil is the world's biggest exporter of five internationally traded crops and second in soyabeans and maize.

    Yet Brazilian soils are potassium deficient and the crops grown require more potash nutrients to thrive.

    Scoping / pre-feasibility studies have commenced at Arapua including the classification of a JORC resource and bulk sampling and further drilling will commence.


 
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