Davenport Resources

Website: www.davenportresources.com.au
Primary ticker: ASX:DAV
Stage of development: Exploration, Development
Primary minerals: Potash
Project to promote: South Harz Potash Project

Live financials

Davenport is a potash development portfolio company comprising several, stand-alone projects based on very significant resources in the heart of Germany. Davenport owns three perpetual mining licences and two exploration licences that contain over 5 billion tonnes of JORC Inferred resources. Sufficient potential exists to develop several “quick to production” small scale potash operations utilizing existing infrastructure. The mineralization can yield Muriate of Potash “MOP” and other speciality fertiliser components that have the potential to maintain potash production levels in Germany for many decades.

Management Profile

Dr Chris Gilchrist, Managing Director

A Mineral Engineer with more than 30 years of experience including; General Manager and Operations Director for Cleveland Potash Limited (UK), Non-Executive Director of South Boulder Mines (now Danakali Ltd) managing feasibility on the Colluli potash project in Eritrea. More recently as Project Manager and adviser to Circum Minerals on their Ethiopian potash project.

Jason Wilkinson, Project Director

A geologist with 25 years of exploration experience including 7 years with Allana Potash and in country manager ICL in Ethiopia taking the project from start-up through to feasibility.

What is your rationale for attending 121 Mining Investment?

To further market our Company and its projects.

What recent news would you like to highlight to investors attending?

Recent announcements confirming our 5 Bt resources which represents the largest potash inventory in Western Europe.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Conduct scoping studies for at least three sub-projects

6 Months:

Company to focus on sub-project that delivers the best economic results. Develop “quick development” strategy

12 Months:

Advance selected sub-project and drill twin holes to verify historic data and satisfy licence obligations

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Low market capitalisation preventing access to many funds. Currently seeking cornerstone investors.

In a sentence, what do you think makes your company such a compelling investment?

Davenport, a compelling business case:
• Western Europe’s largest high-quality potash resources in well-developed potash mining region
• Resources support long-life project options > 50 years
• Low-risk jurisdiction in central Europe
• Regional government supportive of job creation projects
• Proximity to markets (Europe still a net potash importer)
• Low infrastructure requirements (power, water, gas, rail)
• Experienced management team. Key staff based in Europe