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Davenport Resources officially changes name to South Harz Potash

Published: 13:57 14 May 2021 AEST

Davenport Resources Ltd - Davenport Resources officially changes name to South Harz Potash
The new ASX code has been confirmed as ASX:SHP as of Monday 17th May.

Davenport Resources Ltd (ASX:DAV) (FRA:D86) has officially changed the company’s name to South Harz Potash Ltd (ASX:SHP) (ASX:SHP) following shareholder approval at the 4th May 2021 general meeting. 

The effective date for the change of company name and ticker code on the ASX will be from the commencement of trading, Monday 17th May 2021. 

All current ordinary shareholdings and listed options in Davenport Resources have been re-assigned to South Harz Potash and current Davenport Resources shareholders need take no further action in this regard. 

South Harz Potash is also pleased to announce the launch of its new website on Monday 17th May 2021: https://www.southharzpotash.com 

“Developing outstanding assets in Germany”

The name change was planned to reflect the company’s Ohmgebirge, Mühlhausen-Nohra and Ebeleben perpetual mining licences and the Küllstedt and Gräfentonna exploration licences, which are in the South Harz region of Thüringia, Germany, and collectively host a JORC 2012 inferred mineral resource of 5.3 billion tonnes at 10.8% K2O.

South Harz Potash managing director Dr Chris Gilchrist said: ”This represents the first of many milestone events we anticipate in the coming months as we re-shape our company to build a stable platform from which to develop our outstanding assets in Germany.

“I welcome our shareholders and potential investors to explore our new identity through this website and invite you to join us on an exciting journey as we build a strong company with Western Europe’s largest potash resource.”

June quarter activities

During the March quarter, the company completed the second tranche of a A$10 million placement announced in November 2020, and intends to use the funds to conduct resource drilling and complete the scoping study for the Ohmgebirge Project.

To date, the scoping study structure and drilling pad design for the Ohmgebirge Project have been completed and the company plans to complete the following activities in the current June quarter:

  • Appoint and mobilise drillers after drilling permit is issued by authorities;
  • Engage consultants to assist in the compilation of the scoping study components;
  • Strengthen ESG capability; and
  • Appoint UK-based chief financial officer.

South Harz Potash COO delivers update on flagship Ohmgebirge Project

South Harz Potash Ltd (ASX:SHP) chief operating officer Lawrence Berthelet speaks to Proactive's Thomas Warner about progress at the potash exploration and development company's flagship Ohmgebirge development in Germany. The project is located in the South Harz region of the country, an area...

on 13/7/23