Sirius Minerals Plc releases update on progress of strategic review

  • Nov 11, 2019 GMT
  • Team Kalkine
  • Review of optimization opportunities has resulted in a two-stage project advancement plan
  • The first stage consists of sinking of shaft to achieve first polyhalite and MTS for Drive 1
  • The second stage consists of the remainder of construction activities to achievement of full production
  • The review has revealed current project NPV of $11 billion -$13 billion and IRR of 29%-35%
  • On 11th November 2019, SXX shares were trading at GBX 3.70 at GMT 10:55 AM, up 0.5 point or 15.77% from the previous day’s closing price level.

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