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2021-05-26 by Proactive Australia
South Harz Potash Ltd (ASX:SHP) is well-positioned to become a leading European supplier of choice as it progresses its large potash resource in the South Harz region of Germany.
The company is building Western Europe s largest potash inventory and aims to become a world-class potash producer through the development of all or some of its projects.
SHP managing director Dr Chris Gilchrist said: The company is on track to complete a short drilling program in advance of issuing an updated mineral resource estimate and technical and economic study by the end of 2021.
The company s portfolio of licences represents Western Europe s most significant potash resource, comprised of high-grade Muriate of Potash (MOP) inferred mineral resources (JORC 2012) and valuable potassium and magnesium sulphate minerals at relatively shallow depths.
Davenport Resources officially changes name to South Harz Potash
The new company name better represents the location of its potash assets in the South Harz region of Thüringia, Germany. The new ASX code has been confirmed as ASX:SHP as of Monday 17th May.
Davenport Resources Ltd (ASX:DAV) (FRA:D86) has officially changed the company’s name to South Harz Potash Ltd (ASX:SHP) following shareholder approval at the 4th May 2021 general meeting.
The effective date for the change of company name and ticker code on the ASX will be from the commencement of trading, Monday 17th May 2021.
South Harz Potash Elevator Pitch with Dr Chris Gilchrist
South Harz Potash Elevator Pitch with Dr Chris Gilchrist
South Harz Potash (Formerly Davenport Resources Limited) holds potash project licences in Germany’s South Harz potash district. This is through its wholly owned German subsidiary, Südharz Kali GmbH. South Harz The South Harz Potash District is in the northern part of the German Federal State of Thuringia. It has a history of producing Muriate of Potash (MOP) from both Sylvinite and Carnallitite ores. Historically potash ores have been mined by both conventional underground and solution mining operations. Prior to the re-unification of Germany, the district (in the former German Democratic Republic) produced approximately 3.5 million tonnes of K 2 O annually (approx. 4.4 million tonnes of MOP). Licences The potash project comprises two exploration licences and three mining licences covering a total area of approximately 659km 2 . A Küllstedt licence and Gräfentonna