JOHANNESBURG (miningweekly.com) – Australian junior Davenport Resources has been issued a notarised certificate, which confirms its acquisition of three potash licences in the South Harz region of Germany and allows the company access to historic exploration data.
Davenport MD Chris Bain said on Monday that its exploration team, in conjunction with its consultants, Ercosplan, had started collecting and analysing the information from the Mühlhausen-Nohra, Ebeleben and Ohmgebirge licences.
The licences have an exploration database that would cost more than €100-million to replicate, in today’s costs, with more than 100 deep holes having been drilled. Davenport is paying €1.2-million for the three licences.
“Our priority is to review historic resource estimates within the licence to understand the work required to bring them to JORC 2012 standards,” said Bain.
Davenport is buying the three licences from Bodenverwertungs-und-verwaltungs, the agency charged with divesting former German Democratic Republic assets.
The new licences extend the company’s landholding on the basin to more than 650 km2. The Mühlhausen-Nohra licence adjoins Davenport’s existing Küllstedt licence.
Up until the reunification of Germany in the early 1990s, more than 180-million tonnes of potash was produced from mines in the South Harz region.