2 July 2019 – Q2 progress update

A progress update has been released and the company remains on track to achieve first polyhalite in 2021, in line with anticipated costs.  Construction continues to progress in line with key milestones.  The successful raising of US$825m of funding during the quarter represented the completion of the first part of stage 2 financing.  Good progress is said to be being made with the remaining components of the stage 2 financing package and this is due to be completed by the end of September, in line with guidance.  This is all as anticipated and with production moving closer we have no reason to change our BUY recommendation.