Sirius focused on Yorkshire
SIRIUS Minerals has abandoned its interest in potential project in Western Australia as it presses ahead with plans to open a new potash mine in North Yorkshire.
The company announced this morning it was surrendering its interests in mining tenements in the Canning Basin area.
Sirius chief executive Chris Fraser said: “The focus of Sirius is on the flagship York Potash Project and consistent with this approach, the company has decided to discontinue studies on the Canning Basin due to the lack of prospectivity and the high carrying cost of the tenements.
“Sirius remains committed to developing a portfolio of projects and assesses all potential projects on a balanced risk and reward basis.”
The move is consistent with Sirius’s announcement earlier this year that it wanted to focus its resources on the York Potash Project.
It is currently preparing to submit a formal planning application to develop the mine at a site in the North York Moors National Park south of the village of Sneaton.
