South Harz Potash set to benefit from extensive industry experience of new director
Lawrence Berthelet, who has 35 years of experience in the global potash business, has been appointed as a non-executive director.
Company
ASX:SHP
South Harz Potash is focused on the delivery of its dual asset strategy, which is targeting the acquisition of a new critical mineral asset alongside its German potash portfolio.
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Lawrence Berthelet, who has 35 years of experience in the global potash business, has been appointed as a non-executive director.
South Harz has the product, the geographical location and a supply-demand dynamic that's running in its favour
“This is the first time that the potash mining opportunities in the district, with its long, and sometimes tumultuous, history in mining have been evaluated based on modern, internationally recognised standards and procedures,” said executi
“With 89% of the key focus sylvinite seam resource classified as indicated, we are now very well placed to finalise our mine scheduling workstream and complete the Ohmgebirge Scoping Study, which is on track to be achieved early next month,
Work on updating the Ohmgebirge mineral resource estimate has commenced and scoping study completion remains scheduled for early Q3 2022.
Ian Farmer will steward the company through an important transition, as it sets up a management and personnel hub in Thuringia, Germany, and progresses towards a resource update and scoping study.
“We now eagerly look forward to the assay results from OHM-01, finalisation of a mineral resource estimate update and completion and release of the milestone Ohmgebirge scoping study,” says MD Chris Gilchrist.
These confirmatory assay results represent a very significant milestone for the company and I eagerly look forward to the imminent completion of what promises to be a transformative scoping study," says MD Dr Chris Gilchrist.
“We are on target now to complete the second drill hole by early May and to release the mineral resource upgrade and scoping study thereafter,” says MD.
South Harz intends to keep the drill bit spinning at Ohmgebirge, with a second confirmatory hole planned for execution in the coming weeks.
Dr Babette Winter’s “combination of technical expertise and deep stakeholder management experience is expected to be highly effective in creating the pathway to successful and sustainable development of the South Harz Project in this histor
Drilling has now commenced on drill site OHM-02, the first of two confirmatory holes located within Ohmgebirge. It is targeting completion in early February 2022.
Drilling of OHM-02 is set to commence this week, with completion targeted in early February 2022, while OHM-01 drilling will start immediately after.
“The additional funds will allow us to rapidly build on the successes of the past few months. In particular, we are now in a position to accelerate evaluation of our world-class Ohmgebirge development through 2022," says MD.
“This is the first potash drill hole drilled in the South Harz Potash District since the 1980s and we are excited to begin the process of extracting potash core from depth," says MD.
The potash exploration and development business will soon drill the first of two planned holes at its flagship project after receiving the go-ahead from a regulatory authority.
“You can get these really strong short-term runs, so you can’t even rule out prices hitting $US100 a barrel in the short-term if markets continue to trade with the volatility we’ve seen in recent times,” said ANZ senior commodity strategist
South Harz Potash has signed a drilling contract for confirmatory holes designed to update the mineral resource from inferred to indicated, which will allow for the release of a Technical and Economic Assessment.
South Harz Potash has a potentially huge resource in Germany, and markets right on its doorstep
South Harz is aiming to upgrade the resources at Ohmgebirge Potash Project in Germany with completion of the scoping study expected in Q1 of calendar 2022.