U.Kingdom: Sirius Advances the York Potash Project

Sirius Minerals Plc, formerly Sirius Exploration Plc is a diversified holding company with interests in mineral properties in Australia and North America. In January 2011 they acquired the York Potash Project and drilled two boreholes (SM1 and SM2) and confirmed the presence of the three seams of potash mineralization. The drill was successful and now the company is seeking funding for what they call a “Definitive Feasibility Study”.

The company performed a serious expansion a couple of years ago. On October 2009, it acquired a 90.1% interest in Adavale Holdings Pty Limited, a 100% interest in Derby Salt Pty Limited, and a 100% interest in CO2 Energy Storage Pty Limited and Bicarb Sequestration Pty Limited. During the fiscal year ended March 31, 2010, the Company acquired 63.8% and 30.71% interest in Auspotash Corporation, which is engaged in the acquisition, exploration and development of mineral properties.

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