PERTH (miningweekly.com) – ASX-listed Davenport Resources has reported a maiden Joint Ore Reserves Committee- (Jorc-) compliant resource of 576.6-million tonnes at the Ebeleben mining licence, in Germany.
Grading at 12.1% potassium oxide, the project is estimated to host some 69.3-million tonnes of potassium oxide.
“This is the first of several areas in the recently acquired licences where we believe there is sufficient data to support the conversion of historic resources into mineral resources as defined by the Jorc code,” said Davenport MD Chris Gilchrist.
“While Ebeleben is one of our smallest areas, Mincon has confirmed a significant resource that compares closely to both the historic resource and the recently-announced exploration target.
“We are now working to bring our remaining licences to a similar level recognised by the Jorc code and, if their exploration targets are realised, these areas will represent Europe’s largest declared potash resource.”
Ebeleben is one of three perpetual mining licences in the South Haz basin acquired by Davenport from German government agency Bodenverwetungs-und-verwaltungs.