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Parkway Minerals NL becomes a substantial shareholder of Davenport Resources

Parkway Minerals NL (ASX:PWN) holds circa 19.2 million shares in the newly minted Davenport Resources (ASX:DAV), which hit the ASX boards today.
Parkway Minerals NL becomes a substantial shareholder of Davenport Resources
Davenport will focus on potash exploration

Parkway has a stake of 26.1%, following a successful spin-out.

Davenport will focus on potash exploration in the South Harz region of central Germany.

Patrick McManus, managing director for Parkway, commented: "The region has been a significant potash producer in the past and we believe that modern exploration and production techniques may allow a revitalization of the field."

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