Davenport Resources Ltd (ASX:DAV) non-executive chairman Patrick McManus speaks to Proactive Investors about the agri-minerals company’s South Harz Potash Project in central Germany.
In July of this year Davenport received three perpetual mining licences for the German project, unique concessions that carry no expenditure commitments or royalties on production.
“We’ve got this huge body of data that came with the purchase of the mining licences and our geological team have been reviewing that,” McManus says.
He continues, “[we’ve] identified Soviet-era resources on all three of the licences and we’re now in the process of … updating it to JORC-compliance.”
