New Risk • Jul 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.55m market cap, or US$1.76m). Annuncio • Mar 09
South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million. South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 31,333,334
Price\Range: AUD 0.03
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,333,333
Price\Range: AUD 0.03
Transaction Features: Subsequent Direct Listing New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.97m market cap, or US$2.80m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Annuncio • Jan 14
South Harz Potash Limited Announces Board Changes South Harz Potash Limited has appointed Christian Barbier as a Non-Executive Director of the Company. Mr. Barbier brings more than 30 years' experience with leading resources and industrial multinational corporations, including board directorships with unlisted companies and senior management positions across Europe, Australia and Asia. His core expertise is in critical and industrial mineral supply chains covering strategy, technical marketing and business turnarounds, with focus on both growth and restructuring situations. Mr. Barbier currently manages CRB Resources, an advisory and consultancy firm he founded in 2015 that focuses on strategy, risk management, market approach and partnerships in the critical minerals sector, especially in the lithium and battery supply chain industry. Until 2024, Mr. Barbier was Chief Sales & Marketing Officer on the Executive team of Allkem Limited (now part of Rio Tinto (ASX: RIO)), a lithium miner and chemical producer. During his tenure, he led the company's sales and marketing strategy and played a key role in its expansion into one of the world's top five lithium producers. Under his leadership, Allkem was on track to triple capacity by 2026, prior to its merger with Livent into Arcadium Lithium in early 2026. Prior to that, Mr. Barbier spent almost five years with Iluka Resources (ASX: ILU), the world's leading zircon and rutile producer and an emerging player in rare earth minerals supply, including as Head of Sales & Marketing and an Executive Committee member reporting to the Chief Executive Officer and Board. South Harz Potash also advises that Non-Executive Director Dr Reinout Koopmans has stepped down from the Board of the Company with immediate effect. Board Change • Jan 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-independent Non-Executive Director Richard Pearce was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Dec 01
South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 0.07 million. South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 0.07 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,555,555
Price\Range: AUD 0.045
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Nov 27
South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.07 million. South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.07 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,555,555
Price\Range: AUD 0.045
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Oct 27
South Harz Potash Limited, Annual General Meeting, Nov 26, 2025 South Harz Potash Limited, Annual General Meeting, Nov 26, 2025. Location: at boab room, bdo, mia yellagonga tower 2, 5 spring street, perth, western australia Australia Annuncio • Aug 28
South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.16 million. South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.16 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,022,222
Price\Range: AUD 0.045
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,755,555
Price\Range: AUD 0.045
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Jun 20
South Harz Potash Limited Appoints Richard Pearce as Non-Executive Director Effective June 20, 2025 South Harz Potash Limited announced the appointment of Mr. Richard Pearce as a non-executive director, effective June 20, 2025. Mr. Pearce brings over 30 years of experience in the mineral industry, covering critical, industrial, and energy minerals. His career spans the full asset life cycle and value chains, including exploration, development, and commercialization. He has held key roles in board directorships, exploration and operations management, mining finance, mergers and acquisitions, business strategy, and operational improvement. Mr. Pearce has a proven track record in business development, guiding resource companies from IPO and early capital raising stages to successful commercialization or combination. He has held senior roles at Rio Tinto Limited and led various junior ASX-listed companies, most recently serving as Non-Executive Chairman of 92 Energy Limited until its successful three-way merger in 2024. Mr. Pearce is currently on the board of Atha Energy Corporation and IS Group. New Risk • Apr 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.41m market cap, or US$3.47m). New Risk • Apr 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.32m market cap, or US$3.98m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Annuncio • Feb 19
South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,013,300
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,986,700
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing New Risk • Feb 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$11.5m market cap, or US$7.23m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Annuncio • Dec 17
South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 0.05 million. South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 0.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Annuncio • Dec 13
South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.05 million. South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Annuncio • Dec 12
South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.106596 million. South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.106596 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,109,646
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,550,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Rights Offering Annuncio • Aug 29
South Harz Potash Limited Appoints Len Jubber as Executive Chairman South Harz Potash Limited appointed of Mr. Len Jubber as its Executive Chairman. As previously announced, Mr. Jubber's appointment as Executive Chairman was effective from 22 May 2024. Price Target Changed • May 29
Price target decreased by 82% to AU$0.076 Down from AU$0.42, the current price target is provided by 1 analyst. New target price is 591% above last closing price of AU$0.011. Stock is down 66% over the past year. The company posted a net loss per share of AU$0.015 last year. New Risk • May 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$9.87m (US$6.57m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.87m market cap, or US$6.57m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (AU$20.6m market cap, or US$13.4m). Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Len Jubber was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Dec 22
South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2701 million. South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2701 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,221,736
Price\Range: AUD 0.023
Discount Per Security: AUD 0.00138
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Dec 16
South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 1.2451 million. South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 1.2451 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,134,773
Price\Range: AUD 0.023
Discount Per Security: AUD 0.00138
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Sep 27
South Harz Potash Limited, Annual General Meeting, Oct 26, 2023 South Harz Potash Limited, Annual General Meeting, Oct 26, 2023, at 15:00 W. Australia Standard Time. Location: Quest Kings Park, 54 Kings Park Road West Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023, together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration Report; to consider Spill Resolution; to consider election and re-election of Directors; to consider ratification of Prior Issue of Options; Ratification of Prior Issue of Options to Morgans Corporate Limited; to consider approval to Issue Options; and to consider any other matters. Annuncio • Aug 18
South Harz Potash Appoints Seamus Cornelius as Non-Executive Director with Effect from August 21, 2023 South Harz Potash (SHP) has announced the appointment of Seamus Cornelius as a non-executive director with effect from August 21, 2023. Mr. Cornelius is the current Executive Chairman of Danakali Limited (DNK) (Danakali), a role he has held since July 2013. Over that time he led the advancement of Danakali's 50% interest in the Colluli Potash Project in Eritrea including the completion of progressive feasibility studies, environmental impact assessments and regulatory approvals, to its eventual sale to Sichuan Road and Bridge Group Co Ltd. in early 2023 for USD 166 million in total cash consideration. Mr. Cornelius is a corporate lawyer and former partner of one of Australia's leading international law firms. He brings extensive legal and commercial experience in the execution of cross-border transactions, particularly in the resources and finance sectors. Mr. Cornelius is currently also the Non-Executive Chairman of Buxton Resources Limited (BUX), Element 25 Limited (E25), Duketon Mining Limited (DKM) and he is a Non-Executive Director of First Tin PLC (1SN). New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$19.2m market cap, or US$12.5m). New Risk • Jun 08
New major risk - Revenue and earnings growth Earnings have declined by 44% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$18.6m market cap, or US$12.4m). Annuncio • Dec 31
South Harz Potash Limited Announces Grafentonna Exploration Licence Extension Granted South Harz Potash Limited announced the Thuringian mining authority, Thüringer Landesamt für Umwelt, Bergbau und Naturschutz (TLUBN), has granted a three- year extension to the Gräfentonna exploration licence (to January 2026) following submission of an application in November 2022. The Gräfentonna exploration licence lies immediately south of the Company's Ebeleben mining licence and would form the natural extension of any future mine at Ebeleben. The large licence covers over 216 km2 of known potash territory. It was previously drilled during various campaigns of exploration targeting hydrocarbons up until 1985 with a significant number of these drillholes intercepting potash. Results from these historical drilling campaigns facilitated South Harz's estimation of an Exploration Target on the Gräfentonna licence of between 2.678 and 3.396 billion metric tonnes at a potash grade between 4.3% and 25% K2O. The Gräfentonna exploration licence has been held by the Company's wholly-owned German subsidiary, Südharz Kali GmbH, since January 2015. The Gräfentonna licence covers the eastern portion of the known potash basin in the South Harz region. Annuncio • Dec 20
South Harz Potash Limited Announces Executive Changes South Harz Potash Limited announced that following the resignation of Jason Wilkinson, the company has appointed non-executive director, Lawrence Berthelet, to the role of Chief Operating Officer (COO), effective 1 January 2023. This appointment is a further advancement of the company's renewal and optimisation initiatives with respect to the Board. Lawrence was appointed to the company board and technical committee during October 2022. He is a deeply experienced executive with over 35 years in the global potash industry, including a demonstrated track record of successful, large-scale operational project delivery and management. Lawrence has been involved in all aspects of potash mine advancement from early project studies through to contracting and development. Over his career he has been responsible for both building and operating potash mines, including direct responsibility for surface and underground operations. This included leading The Mosaic company's USD 2.9B K3 Mine Expansion Project, which was completed on budget and ahead of time. His experience also includes leading projects as an EPCM provider, including starting and managing an EPCM office in Saskatchewan, responsible for front end studies of potash projects worldwide. In Lawrence's most recent role as Head of the Mining Division at EuroChem Group, he was responsible for the production of 3.0M TPA of muriate of potash (MOP), along with the successful completion of major capital projects including shaft sinking, underground development and process facility optimization. Included in this role, was the front-end scoping, PFS and DFS studies for new potash developments in Russia. Incumbent COO, Jason Wilkinson, will remain with South Harz for a transition period before his departure. Lawrence will step down from the board and his role as a non-executive director of the Company on 31 December 2022, the same day as Jason's departure. Annuncio • Dec 14
South Harz Potash Limited, Annual General Meeting, Jan 17, 2023 South Harz Potash Limited, Annual General Meeting, Jan 17, 2023, at 15:00 W. Australia Standard Time. Location: Unit 13, 6-10 Douro Place, West Perth, WA 6005 West Perth Australia Agenda: To ratify Issue of Securities - Shares; to consider Participation of Directors in Placement. Annuncio • Nov 29
South Harz Potash Limited Announces Stepping Down of Hansjorg Plaggemars as Non-Executive Director, Effective 31 December 2022 South Harz Potash Limited announced that Mr. Hansjorg Plaggemars will be stepping down from his non-executive director role, effective 31 December 2022. Mr. Plaggemars' decision to step down from the South Harz Board represents another phase in the ongoing process of Board renewal and right-sizing at South Harz. Annuncio • Nov 22
South Harz Potash Limited Announces Kullstedt Exploration Licence Extension Granted South Harz Potash Limited announced that, following submission of an application during October 2022, the Thuringian mining authority, Thüringer Landesamt für Umwelt, Bergbau und Naturschutz (TLUBN), has granted a three-year extension to the Küllstedt exploration licence (to January 2026). The Küllstedt exploration licence area was previously drilled by the former East German state potash mining company in the 1960s and 1980s. Results from these campaigns facilitated the estimation of a JORC-compliant Inferred Mineral Resource estimate of 1.54 billion tonnes grading 10.7% K2O, with a total contained K2O content of 165 million tonnes1. The Küllstedt licence has been held by the Company's wholly-owned German subsidiary, Südharz Kali GmbH, since January 2015. Price Target Changed • Nov 16
Price target increased to AU$0.43 Up from AU$0.23, the current price target is an average from 2 analysts. New target price is 696% above last closing price of AU$0.054. Stock is down 65% over the past year. The company posted a net loss per share of AU$0.025 last year. Annuncio • Oct 10
South Harz Potash Limited Appoints Lawrence Berthelet as Non-Executive Director Appointment South Harz Potash Limited announced the appointment of Mr. Lawrence Berthelet as a non-executive director of the Company and a member of its Technical Committee, effective 17 October 2022. Lawrence recently stepped down from the position of Head of Mining Division at global agriculture Lawrence recently stepped down from the position of Head of Mining Division at global agriculture and chemicals business, EuroChem. Prior to that he held several senior management roles across seven years at potash major, The Mosaic Company, including Vice President, Capital (North America) and Vice President, Engineering and Capital (Potash Business Unit). Preceding that, Lawrence held the roles of Vice President, Potash (Global Mining and Metallurgy) and General Manager, Saskatoon, at SNC-Lavalin across a period of five years. Prior to this, he was Mine Manger, Vanscoy Potash Operations, for Agrium (now Nutrien) for five years. This was preceded by 12 years at National Manufacturing of Canada across the roles of Vice President (Operations), Manager (Saskatchewan Minerals) and Plant Manager (Grace Dearborn Fort Saskatchewan). Lawrence commenced his career as a plant metallurgist at The Mosaic Company. Lawrence holds a Bachelor of Science (Chemical Engineering) and a MBA from the University of Saskatchewan. Annuncio • Oct 01
South Harz Potash Limited, Annual General Meeting, Nov 01, 2022 South Harz Potash Limited, Annual General Meeting, Nov 01, 2022, at 15:00 W. Australia Standard Time. Location: 1176 Hay Street, West Perth, WA 6005 WA Australia Annuncio • Aug 08
South Harz Potash Limited Announces Ohmgebirge Study Evidences World-Class Potash Development South Harz Potash Limited announced the key outcomes from the recently completed Scoping Study on its development of the Ohmgebirge deposit at its 100%- owned, world-class South Harz Potash Project in Thuringia, Germany (Ohmgebirge Development). The Scoping Study has demonstrated the technical and financial robustness of a vertical shaft access, underground mining operation at Ohmgebirge with a conventional cold water leach - hot crystallization process producing approximately 1 Mtpa of premium Muriate of Potash (MOP) product for sale predominantly into proximate European fertilizer markets. The South Harz Board has approved progression to a Pre-Feasibility Study (PFS) on the Ohmgebirge Development, which is scheduled for completion in Fourth Quarter CY2023. The PFS is set to focus on a 1 Mtpa MOP operation. A two-phase alternative (500 + 500 ktpa) with a lower peak financing requirement is also planned to be progressed alongside. Requisite environmental and social impact assessment and permitting requirements are well understood and set to parallel the next phases of technical feasibility work to progress the Ohmgebirge Development as expeditiously as possible. Further substantial upside potential at South Harz includes: The Scoping Study utilises a weighted average FOB Hamburg equivalent MOP price of USD 385/t. This includes an assumed price of USD 370/t for Standard European MOP product which compares with an average price for this product of approx. USD 340/t (real basis, FOB NW Europe) over the past decade, and the prevailing spot price of over USD 900/t (FOB NW Europe). Conservative salt price and sales volumes assumptions have also been adopted for the Ohmgebirge Development. Clear potential upside to both inputs delivers the prospect of considerably greater revenue realisation from both MOP and salt sales at Ohmgebirge than currently incorporated. The Ohmgebirge Development focuses on the mining, processing and sale of MOP from solely the Ohmgebirge Sylvinite deposit (290 Mt resource). The broader South Harz Potash Project comprises multiple deposits with total potash resources exceeding 5 Bt. Substantial long-term opportunity exists in developing multiple potash mining operations in the district. Opportunities to partner proximate existing regional mine infrastructure with potential capital and permitting synergies are also set to be examined. The South Harz Project hosts a globally large-scale potash JORC (2012) Mineral Resource estimate of 258 Mt at 13.5% K2O of Indicated Resources and 5.0 Bt at 10.6% K2O of Inferred Resources across four 100%-owned project areas located favourably within central Europe.1 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 proximity to the key European market, the South Harz Project is well positioned to enable rapid development across multiple deposits. Annuncio • Jul 28
South Harz Potash Limited Reports on its Activities for the Quarter Ended 30 June 2022 South Harz Potash Limited reported on its activities for the quarter ended 30 June 2022. Drilling and assay of two confirmatory drillholes within the Ohmgebirge Mining Licence (Ohmgebirge) area of the South Harz Potash Project was successfully completed in early June. Drillhole OHM-01 was designed to twin and confirm the results of the historic drillhole, Kal Ktf 5/83, which was drilled in 1983. This historic drillhole recorded potash within the Staßfurt Potash Horizon from a depth of 785.20m to 788.20m (3.0m thickness) with a historic reported grade of 12.4% K2O. Drilling of OHM-01, located 100m west of the historic drillhole was completed to a final depth of 778m, in order to fully penetrate the known Staßfurt Potash Horizon. OHM-01 intercepted the top of the Staßfurt Potash Horizon at 775.05m and returned anintercept grade of 16.9% K2O over a length of 3.75m from 775.05m. Drillhole OHM-02was completed to a depth of 721.32m and was designed to twin and validate the results of the historic drillhole Kal Wr 6 Liese, which was drilled in 1906. Thehistoric drillholerecorded potash within theStaßfurt PotashHorizon from a depth of 651.70m to 657.20m (5.5m thick) with an historic reported grade of 15.72% K2O. Drilling of OHM-02, located 148m west of the historic drillhole, intercepted the top of the potash horizon from 651.53m down to a depth of 662.51m, a total apparent thickness of 10.98m and an interpreted true (vertical) thickness of 7.51m. The confirmatory drillhole program was targeted to allow South Harz to upgrade a substantial proportion of the Ohmgebirge Mineral Resource estimate to the Indicated category. An update to the OhmgebirgeMineral Resource estimate was completed in July. The updated Mineral Resource is 338 Mt at 12.9% potassium oxide (K2O) for approximately 44 Mt of contained K2O. This estimate comprises 290 Mt of Sylvinite (key focus seam for development)grading 13.5% K2O (split approximately 89% Indicated and 11% Inferred categories) and 48 Mt of Carnallite at 9.8% K2O (100% Inferred). The updated Mineral Resource was undertaken by leading geological consultancy, Micon International Co Limited (Micon), based on available historic exploration data combined with the two confirmatory diamond holes drilled at Ohmgebirge by South Harz earlier this year. The Scoping Study for Ohmgebirge is approaching conclusion. Upon incorporation of the updated Mineral Resource estimate, and finalisation of the concurrent mine scheduling workstream, South Harz expects to complete the Scoping Study and release the key outcomes during August. South Harz's cash balance at 30 June 2022 was AUD 6.7 million. The Company has no debt or convertible debt-like instruments (excluding typical trade creditor balances). 2.1 million, AUD 0.08 options were exercised during the quarter for total proceeds of AUD 167,000. There are currently 78.2 million, in the money, unlisted options outstanding. Annuncio • Jul 12
South Harz Potash Limited Updates Mineral Resource Estimate for the Ohmgebirge Deposit At Its South Harz Potash Project in Thuringia, Germany South Harz Potash Limited advised of the updated Mineral Resource estimate for the Ohmgebirge deposit at its South Harz Potash Project in Thuringia, Germany. This update incorporates the results of the recently completed twin-hole confirmatory diamond drilling program undertaken at Ohmgebirge. The updated JORC (2012) Mineral Resource estimate for Ohmgebirge contains 338 Mt at 12.9% potassium oxide (K2O) for approximately 44Mt contained K2O. This estimate comprises 290 Mt of Sylvinite at 13.5% K2O (split approximately 89% Indicated and 11% Inferred) and 48 Mt of Carnallite at 9.8% K2O (100% Inferred). Sampling and Database In 2022 core logging and sampling for the two new drillholes was conducted according to ISO standards: DIN EN ISO 14688-1; DIN EN ISO 14688-2; DIN EN ISO 14689-1 and DIN EN ISO 22475-1. Core samples were geologically logged in detail. Information recorded on the drill hole logs included lithological depths, lithological description, stratigraphic interpretation, structural measurements and colour. Photographs were taken of all rock chips and core samples, including backlit core photography. During the historical campaigns core samples were geologically logged in detail and both full and summary drill hole logs were produced in both written and graphical format. Full drill hole logs included a detailed lithological description of the entire drill hole, which was also summarised and graphically portrayed alongside the downhole geophysical logging and assay results. Logs are available for 27 historical drill holes whilst information regarding mineralogy and stratigraphy were extracted from historical maps for 14 historical drill holes. The Ohmgebirge mining licence is located in the Südharz (South Harz) Potash District in the north-western extent of the Thuringian sedimentary basin, which has been separated by the uplift of the northerly Harz Mountains from the South Permian Basin (SPB). The regional stratigraphy of the South Permian Basin is fairly well understood with a pre-Variscan basement (Upper Carboniferous and older rocks) and a transition horizon of Upper Carboniferous to Lower Permian lying beneath an expansive sequence of evaporite rocks of the Upper Permian succession. These evaporite deposits are assigned to the Zechstein Group, and host the target potash mineralisation of the South Harz Potash District which occurs on the Ohmgebirge mining licence. The potash-bearing target Zechstein Group consists of seven depositional cycles with the potash mineralisation of the South Harz Potash District hosted within the second cycle, the Staßfurt Formation (Z2). The Z2 is further sub-divided into horizons, of which the Kaliflöz Staßfurt (z2KSt) hosts potentially economic potash. Mineralised z2KSt occurs across almost the whole of the Ohmgebirge mining licence, with an area to the west that is barren. The z2KSt is present in 39 drill holes used in the 2022 Ohmgebirge model, 2 of which did not return K2O grades and 15 of which exist within the licence area. The mineralogy on Ohmgebirge is dominated by sylvite with carnallite intersected in only one hole within the licence area. The sylvite rich seam was modelled as one horizon, and was historical known as Hartsalz, and the carnallite seam was modelled separately. A major graben has been historically mapped within the Ohmgebirge mining licence trending NNE-SSW with offsets of 150-250m. The results of the graben have been logged in the downhole geophysical logs of drill holes on Ohmgebirge with noted steeper bedding, dipping joints and deformation in the strata accompanied by gases. In the centre of the graben the Leine-Steinsalz through to the Aller-Steinsalz units have thickened whilst the rock salt units have thinned resulting in a weakened hanging-wall. No evidence of displacement in the z2KSt unit have been modelled. The geological model was constrained by grade >5% K2O and then the mineralogical data was used to split this into the Sylvinite and Carnallitite seams. A minimum cut-off grade of 5% K2O was used as this is considered economic. The seam thickness is >1.5 m across Ohmgebirge and is considered amenable to potential mining underground and is therefore suitable for reporting resources. The average maximum mining height for underground potash in the South Harz region is ±7m, subject to local ground conditions. Some of the drill hole intersections used in resource estimation have thick (>7m) Sylvinite seams, notably Kal Ktf 8/84 and Kal Ktf 4/83. This height was not used as a cut-off during resource estimation as that will become part of the conversion to reserves, but a 15% geological loss was applied to the resources to take into consideration this loss in volume and any other uncertainties. Annuncio • Jun 09
South Harz Potash Limited announces Strong Confirmatory Results from 2nd Ohmgebirge Drillhole South Harz Potash Limited announced initial assay results from the recently completed drillhole, OHM-01, located within the Ohmgebirge Mining Licence (Ohmgebirge) area of its South Harz Potash Project. Results returned to date are summarised in the table below. Assay results from the lower section of the drillhole are still pending. Drillhole OHM-01 was completed to a depth of 807.91m to fully penetrate the known Staßfurt PotashHorizon (z2KSt). It was designed to twin and validate the results of the historic drillhole, Kal Ktf 5/83, which recorded a potash intercept from 785.2m to 788.2m (3.0 m thickness) with an historic reported grade of 12.4% K2O. OHM-01 was drilled approximately 100m north of the historic drillhole. It intercepted the top of the high- grade potash horizon from 775.05m down to a depth of 778.80m, a total apparent thickness of 3.75m. A comprehensive assay suite comprising wet ICP and XRD analyses has identified a high grade Anhydritic Hartsalz returning an average intercept grade of 16.9% K2O. A second lower grade potash zone with a higher abundance of kieserite (MgSO4·H2O) was identified from 787.67m to 795.19m downhole, with assay results still pending. Drilling and assay of core from these two confirmatory drillholes is intended to allow South Harz to upgrade a substantial proportion of the current Ohmgebirge JORC (2012) Inferred Mineral Resource estimate to the Indicated category. Following receipt of the key assay results from both OHM-02 and OHM-01, work has now commenced on updating the Ohmgebirge Mineral Resource estimate. 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 in early third quarter of 2022. Annuncio • May 18
South Harz Potash Limited Announces Completion of Confirmation Drilling at Ohmgebirge South Harz Potash Limited announced the completion of the twin hole confirmatory drilling program on the Ohmgebirge Mining Licence (Ohmgebirge) area of its 100%-owned South Harz Potash Project in central Germany. The second drillhole in the confirmation program (OHM-01) was safely and successfully completed on 16 May 2022. Drillhole OHM-01 was designed to twin and validate the results of the historic drillhole, Kal Ktf 5/83, which intercepted the known Staßfurt Potash Horizon (z2KSt) from 784.0m to 802.4m depth (18.4m apparent thickness) and returned a potash interceptfrom 785.2m to 788.2m (3.0m apparent thickness) with a historic reported grade of 12.4% K2O. Confirmatory drillhole OHM-01 was drilled approximately 100m to the north of the historic drillhole to a target depth of 807.9m. It intercepted the z2KSt from 775.1m to 795.2m depth (20.1m apparent thickness), with the sylvite-rich potash horizon being visually identified from 775.1m to 778.8m (3.7m apparent thickness). Recovered core has now been logged, photographed, cut and sampled. A total of 84 samples have been delivered to the nearby accredited laboratory of K-Utec Salt Technologies (K-Utec) for a comprehensive assay suite comprising wet ICP and XRD analyses in accordance with DIN EN ISO/EC 17025. Comprehensive results from the two confirmatory drillholes (for OHM-02 assay results, SHP ASX announcement dated 29 April 2022) are targeted to allow South Harz to upgrade a substantial proportion of the current Ohmgebirge JORC (2012) Inferred Mineral Resource estimate to the Indicated category. This updated Mineral Resource estimate for Ohmgebirge is expected to be completed during late June 2022. Subject to concurrent and satisfactory advancement of all modifying factors, the upgraded Mineral Resource estimate is expectedto allow the announcement of a comprehensive Scoping Study (a preliminary technical and economic assessment) for Ohmgebirge. This is scheduled for completion during July 2022. Annuncio • Mar 04
South Harz Potash Limited Announces First Drillhole at Ohmgebirge Completed South Harz Potash Limited announced that drilling of the first of two confirmatory drillholes within the Ohmgebirge Mining Licence (Ohmgebirge) area of its South Harz Potash Project has been successfully completed. The first confirmatory drillhole at Ohmgebirge, OHM-02, was designed to twin and confirm the results of the historic drillhole, Kal Wr 6 Liese, which was drilled in 1906. This historic drillhole recorded potash within the Stassfurt Potash Horizon from a depth of 651.70m to 657.20m (5.5m thickness) with an historic reported grade of 14.4% K2O. Drilling of OHM-02, located 115m west of the historic drillhole, has been safely completed to a final depth of 718m, in order to fully penetrate the known Stassfurt Potash Horizon. Critically, OHM-02 intercepted the top of the Stassfurt Potash Horizon at 651.30m, which is effectively the same depth as recorded in the historic drillhole. It also showed excellent stratigraphic correlation with the historic hole. The intercept returned in OHM-02 extended to a depth of 666.54m. The core from OHM-02 is being prepared ahead of despatch for assay with results expected to be received in approximately 4 weeks. Downhole geophysics are also set to be conducted on OHM-02 prior to the final grouting of the drillhole. Harsh weather conditions in Thüringa have hampered construction of the drill pad for the second Ohmgebirge confirmatory drillhole, OHM-01. However, the pad is now nearing completion with a final asphalt layer expected to be laid in coming days, after which the drilling equipment will be mobilized to site. Drilling of OHM-01 is now scheduled to be completed by late April, with assays likely to be received by mid/late May. Drilling and assay of core from these two confirmatory drillholes is intended 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. Due to the weather-induced delays in drill pad construction for OHM-01, the Ohmgebirge Scoping Study is now expected to be completed during June 2022 provided there are no further unforeseen technical delays. Annuncio • Feb 01
South Harz Potash Limited Appoints of Babette Winter as Regional Manager - Thringia, Germany South Harz Potash Limited announced the appointment of Dr Babette Winter as Regional Manager - Thringia, Germany. Dr Winter is a German national with a background in both technical and socio-political affairs. She holds a PhD in Chemistry from Westfaelische Wilhelms-University Mnster and has held key positions in public relations followed by a career in administration and politics, notably as Head of Environmental Policy Department within the Ministry for Agriculture, Forestry, the Environment and Nature Conservation in Thringia. More recently, she served as Member of the European Parliament (MEP), was appointed to the Economic and Monetary Affairs Committee and was the Deputy Member in the Environment and Climate Change Committee. For more than five years, she served as State Secretary for European Affairs in the government of Thringia. Annuncio • Jan 18
South Harz Potash Limited Commences Drilling on Drill Site OHM-02 at Ohmgebirge Mining Licence Area of its South Harz Potash Project South Harz Potash Limited announced that drilling has now commenced on drill site OHM-02, the first of two confirmatory holes located within the Ohmgebirge Mining Licence (Ohmgebirge) area of its 100%-owned South Harz Potash Project. This hole is scheduled to be completed in early February and will be assayed for chemical composition immediately once core is withdrawn. Activities at the second confirmatory drillhole, OHM-01, are set to commence next week with the construction of the drillpad. Due to a local shortage of building materials and the unpredictability of weather conditions, construction of the drillpad is now expected to extend until the second week of March. As a result, drillhole OHM-01 is now expected to be completed in late April. 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 now scheduled for completion during May 2022 (previously late March 2022). Annuncio • Jan 11
South Harz Potash Limited Announces Second Drill Permit Secured & Drilling Commencing South Harz Potash Limited announced 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. Drilling and assay of these two confirmatory drillholes is targeted to allow South Harz to upgrade asubstantial 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 for Ohmgebirge, which is scheduled for completion by end First Quarter 2022. Annuncio • Dec 14
South Harz Potash Limited announced that it expects to receive AUD 5.261 million in funding South Harz Potash Limited announced a private placement of 43,841,669 shares at an issue price of AUD 0.12 per share for gross proceeds of AUD 5,261,000 on December 13, 2021. The transaction will include participation from new and existing sophisticated and institutional investors, including directors and senior management. The placement comprises of 41,666,669 shares for AUD 5,000,000 and 2,175,000 shares for AUD 261,000 to the company's directors. The transaction is subject to shareholder approval. The transaction is expected to close on December 20, 2021. The transaction was oversubscribed. Annuncio • Nov 25
South Harz Potash Limited Announces Ohmgebirge Drill Pad Construction Commences South Harz Potash Limited announced that work has begun on construction of the drill pad for drillhole OHM-02 within the Ohmgebirge Mining Licence (Ohmgebirge) area. Drillhole OHM-02, is planned to a depth of 692m to fully penetrate the known potash horizon in the area. The aim of the drilling is to recover potash core from depth to assist in verifying historical drilling carried out at Ohmgebirge as recently as the 1980's. Drillhole OHM-02 is designed to twin the historical drillhole Kal Wr 6 Liese, which recorded a potash interception from 651.70m to 657.20m (5.5 m thick) with an historic reported grade of 15.7% K2O. Permitting for the second confirmatory drillhole at Ohmgebirge, OHM-01, is expected to be granted in the next fewweeks, with drilling of this second hole expected to commence after completion of drillhole OHM-02. Drilling of these two confirmatory drillholes is targeted to allow the Company 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 Scoping Study (preliminary technical and economic assessment) from Ohmgebirge. Annuncio • May 26
South Harz Potash Limited Submits Application to Drill At Ohmgebirge South Harz Potash Limited provided an update on plans for drilling at its Ohmgebirge potash project in the South Harz region of Germany where it has received landowner and tenant permission for the first of two drill holes and has applied for regulatory approval. Discussions with landowners and tenants on further drilling sites are at an advanced stage, with permission anticipated shortly. Work on the Ohmgebirge scoping study is continuing in parallel with regulatory dialogue and completion of the study remains on track for the end of calendar 2021. At Ohmgebirge, part of SHP's portfolio of potash projects with an Inferred resource of 5.3 billion tonnes (grading 10.8% K2O), the Company plans to drill two holes to verify results from historic drillholes used to calculated the Inferred resource already declared. Ohmgebirge has an Inferred resource of 325 million tonnes grading 13.1% K2O and it is intended the two confirmatory holes will lead to a revised mineral resource estimate ("MRE") with the inferred resource upgraded to the Indicated category. Annuncio • Mar 01
Davenport Resources Limited Announces Executive Changes Davenport Resources Limited announced the appointment of Len Jubber as Non-Executive Director. His appointment constitutes another building block in the development of the Company's world-class portfolio of potash projects in Germany, which comprises 5.3 billion tonnes. Mr. Robert Van der Laan, who has been an Executive Director since September 2020, will step down from the Board with immediate effect. Executive Departure • Mar 01
Executive Director has left the company On the 1st of March, Robert Van der Laan's tenure as Executive Director ended after less than a year in the role. As of December 2020, Robert personally held 2.92m shares (AU$184k worth at the time). A total of 2 executives have left over the last 12 months. Annuncio • Nov 27
Davenport Resources Limited announced that it expects to receive AUD 10.0075 million in funding Davenport Resources Limited (ASX:DAV) announced a private placement of 222,388,897 fully paid ordinary shares at a price of AUD 0.045 per share for gross proceeds of AUD 10,007,500 on November 27, 2020. the company will also issue option for every two shares to be exercisable at 0.008 per shares, expiring 2 years from date of their issue. The transaction will include participation from range of sophisticated as well as institutional investors, including existing shareholders, directors and new investors. The company will receive 16,666,668 shares and 8,333,334 options for proceeds of AUD 750,000 in first tranche, expected to close on or around December 4, 2020. The second tranche consist of 205,722,229 shares and 102,111,114 options for proceeds of AUD 9,250,000, subject to shareholder approval at the annual general meeting estimated to be held in early January 2021. The directors will subscribe for a total of 15,722,221 shares and 7,111,111 options as part of the tranche 2. The tranche is expected to close in mid-January 2021. The transaction has been approved by the board of directors of the company. Annuncio • Sep 26
Davenport Resources Limited Announces Board Changes Davenport Resources Ltd. announced that in line with his previously stated intention to step down from the Board, Mr. Patrick McManus has tendered his resignation from Davenport Resources Limited. The Board continues to keep the Board composition under review and has appointed Mr. Robert Van der Laan as an interim Non-Executive Director. Robert is a qualified accountant with more than 30 years' experience in the management of financial and risk management systems of public and private companies, in the resources and engineering sectors. Annuncio • Sep 24
Davenport Resources Limited Announces Major Sulphate Discovery at German Licence Area Davenport Resources Ltd. announced a maiden JORC-compliant inferred kieserite resource for the northern part of its Nohra-Elende project totaling 768 million tonnes grading an average of 8.1% magnesium sulphate (predominantly in the form of the mineral "kieserite"), but increasing to 20% in places. The resource was confirmed by renowned consultancy group Micon International Co Limited based on available historic exploration data. The resource area contains approximately 72 million tonnes of kieserite (MgSO4.H2O), which is a valuable fertiliser nutrient. It provides a source of both readily water-soluble magnesium and sulphur, which are commonly depleted from soils in Europe and around the world. The kieserite resource is present within the carnallitite and sylvinite potash seams that were evaluated by Micon in late 2018. In addition to the 72Mt kieserite resource, the entire Nohra-Elende potash deposit comprises sylvinite and carnallitite, containing more than 165 million tonnes of potentially exploitable K2O resources. Kieserite is marketed globally and produced in three major forms, depending on the water content. The most common form, used predominantly in agriculture, is magnesium heptahydrate (Epsom Salt). The European market for magnesium sulphate products derived from kieserite is approximately 300,000 tonnes per annum, however, kieserite is also used in combination with MOP to produce higher value K+Mg fertilisers and is also used to convert MOP to the premium SOP fertiliser, the latter having a 6 Mt global market Natural kieserite is already mined in Germany, however ore reserves are depleting and a replacement source will be required. Palm oil producers in SE Asia use large volumes of magnesium sulphate sourced from product manufactured synthetically through a chemical process using hot acids. Annuncio • Jul 08
Davenport Resources Limited announced that it expects to receive AUD 0.325 million in funding Davenport Resources Limited (ASX:DAV) announced a private placement of 8,125,000 common shares at a price of AUD 0.04 per share for gross proceeds of AUD 325,000 on July 8, 2020. The transaction will include participation from directors and sophistical investors. The participation of directors is subject to shareholder approval at the annual general meeting estimated to be held on November 19, 2020. AFSL holders will be paid a 6% fee for what they contribute. The transaction has been approved by the board of directors of the company, and is expected to close on or around July 13, 2020.