- South Harz Potash (SHP) updates the mineral resource estimate (MRE) for the Ohmgebirge deposit at its South Harz Potash Project in Germany
- The MRE has increased from 325 million tonnes at 13.2 per cent potassium oxide to 338 million tonnes at 12.9 per cent potassium oxide
- It was calculated by geological consultancy Micon International and was based on historical exploration data and two diamond holes drilled earlier in the year
- According to acting Executive Chairman Ian Farmer, SHP is on track to complete the Ohmgebirge scoping study early next month
- SHP are in the grey on the market with shares trading at 11 cents at 10:55 am AESTT
South Harz Potash (SHP) has updated the mineral resource estimate (MRE) for the Ohmgebirge deposit at its South Harz Potash Project in Germany.
The MRE has increased from 325 million tonnes at 13.2 per cent potassium oxide to 338 million tonnes at 12.9 per cent potassium oxide.
Furthermore, the updated MRE contains 290 million tonnes of sylvinite at 13.5 per cent potassium oxide and 48 million tonnes of carnallite at 9.8 per cent potassium oxide.
The MRE was calculated by geological consultancy Micon International and was based on historical exploration data and the two diamond holes drilled earlier in the year.
This drilling was undertaken to verify historical results with a sylvite-rich potash intercept visually identified between 775.1 to 778.8 metres.
The core was logged, photographed, cut and sampled with 84 samples sent for assay.
“The updated mineral resource estimate for Ohmgebirge comfortably exceeded our expectations, particularly with respect to the level of conversion to indicated categorisation classification,” acting Executive Chairman Ian Farmer said.
“It is a significant validation of the construction and execution of our confirmatory drilling program earlier this year – and a ready demonstration of its success.
“With 89 per cent 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.”
SHP were in the grey on the market with shares trading at 11 cents at 10:55 am AEST.