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Tuesday 11 January, 2022

South Harz Potash Ld

SECOND DRILL PERMIT SECURED & DRILLING COMMENCING

RNS Number : 0000Y
South Harz Potash Ltd
11 January 2022
 

 

ASX ANNOUNCEMENT

11 January 2022

 

SECOND DRILL PERMIT SECURED & DRILLING COMMENCING

· Approval received to drill the second of the two confirmatory holes at Ohmgebirge (OHM-01)

· Drilling of OHM-02 to commence this week, targeting completion in early February 2022

· Drilling of OHM-01 to commence immediately after completion of OHM-02

· Scoping study making satisfactory progress

 

South Harz Potash Limited (ASX:SHP) (South Harz or the Company) is pleased to announce that it has received drilling approval from the German regulatory authority, Thüringer Landesamt für Umwelt, Bergbau und Naturschutz (TLUBN), for the second of two planned confirmation drillholes within the flagship Ohmgebirge Mining Licence (Ohmgebirge) area of its South Harz Potash Project.

 

Activities at OHM-01 are set to commence shortly with the construction of the drillpad. The drillpad at OHM-02 was completed on schedule in December 2021, with drilling set to commence in the next few days. Following completion of drilling at OHM-02, targeted for early February, the drill rig will be moved directly to OHM-01 for rapid commencement of this second hole.

 

Drillhole OHM-01 is planned to a depth of 813m, targeted to fully penetrate the known potash horizon in the area. The drillhole is designed to twin the historical drillhole, Kal Ktf 5/83, which recorded a potash intercept from 785.2m to 788.2m (3.0 m thick) with an historic reported grade of 12.4% K2O (see South Harz ASX announcement dated 23 December 2019[1]).

 

Drilling and assay of these two confirmatory drillholes is targeted to allow South Harz to upgrade a substantial proportion of the current Ohmgebirge JORC (2012) Inferred Mineral Resource estimate to the Indicated category. Subject to concurrent and satisfactory advancement of all modifying factors, this is expected to allow the release of a comprehensive Scoping Study (a preliminary technical and economic assessment) for Ohmgebirge, which is scheduled for completion by end Q1 2022.

 

South Harz Managing Director, Dr Chris Gilchrist, commented: " I am delighted that we have received our second and final drilling permit for this area. Securing this permit enables the comprehensive progression of our evaluation program for Ohmgebirge over coming months, which includes drilling both confirmatory drill holes and the completion of a Scoping Study on further development of this world-class potash asset."

 

This announcement has been authorised by the Board of South Harz Potash Limited.

 

On behalf of South Harz Potash Limited,

Dr Chris Gilchrist, Managing Director

 

Investor & Media Enquiries

 

Dr Chris Gilchrist

Managing Director  

South Harz Potash Ltd

+353 87 687 9886; +61 451 367 630

[email protected]

Andrew Edge

Fivemark Partners

+61 410 276 744

[email protected]

 

Justine James / Faye Calow

Alma PR

+44 20 3405 0205

[email protected]

 

 

 

About South Harz

South Harz Potash (ASX: SHP) (South Harz) is a potash exploration and development company with its flagship project located in the South Harz Potash District region of Germany, midway between Frankfurt and Berlin.

The South Harz Project hosts a globally large-scale potash JORC (2012) Inferred Mineral Resource estimate of 5.3 billion tonnes at 10.8% K2O across four wholly-owned project areas1 located favourably within central Europe. This comprises three perpetual potash mining licences, Ohmgebirge, Ebeleben and Mühlhausen-Nohra, and two potash exploration licences, Küllstedt and Gräfentonna, covering a total area of approximately 659km².

With strong established infrastructure and close proximity to the key European market, the South Harz Project is well positioned to enable rapid development across multiple deposits.

South Harz Potash: Growing a responsible potash business in the heart of Germany

www.southharzpotash.com

 

 

 

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