South Harz Potash Ltd (ASX:SHP) has chalked a key milestone with the start of drilling at the flagship Ohmgebirge Mining Licence area of its 100%-owned South Harz Potash Project in the South Harz Potash District region of Germany.
Drilling is now underway on drill site OHM-02, the first of two confirmatory holes located within Ohmgebirge. It is targeting completion in early February 2022.
Construction of the drill pad at OHM-01 is set to commence immediately.
The Ohmgebirge scoping study is now scheduled for completion in May 2022.
South Harz managing director Dr Chris Gilchrist said: “The commencement of drilling at Ohmgebirge is a significant milestone for the company.
“The first drill hole is scheduled to complete in February and we will then have the assays available to update the geological resource model a few weeks later.”
Drill hole OHM-01
Activities at the second confirmatory drillhole, OHM-01, are set to commence next week with the construction of the drill pad.
Due to a local shortage of building materials and the unpredictability of weather conditions, construction of the drill pad is now expected to extend until the second week of March.
As a result, drill hole OHM-01 is now expected to be completed in late April.
Drilling and assay of these two confirmatory drill holes 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.
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 from an initial target of late March 2022.
South Harz Potash
The company’s flagship project hosts a globally large-scale potash JORC (2012) inferred mineral resource estimate of 5.3 billion tonnes at 10.8% potassium oxide across four wholly-owned project areas located favourably within central Europe.
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 around 659 square kilometres.
With strong established infrastructure and close proximity to the key European market, the South Harz Project is well-positioned to enable rapid development across multiple deposits.