South Harz Potash Ltd (ASX:SHP) has declared a maiden ore reserve for its flagship Ohmgebirge Potash Development, part of the 100%-owned South Harz Potash.
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Australia-headquartered potash firm South Harz on Wednesday announced the completion of the prefeasibility study (PFS) for its flagship Ohmgebirge development in central Germany. Alongside this milestone, the company reported a potential significant future acquisition of a neighbouring mining opportunity, opening avenues for brownfield development.
South Harz has agreed nonbinding key terms for the purchase of the Sollstedt property, including shafts, underground and surface infrastructure, as well as mineral rights.
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