South Harz Potash
Financials:
Primary ticker: ASX:SHP
Stage of development: Development
Primary minerals: Potash (MOP)
Project to promote: Ohmgebirge
Project location: Germany
Website: www.southharzpotash.com
South Harz Potash is a potash exploration and development company with its flagship Ohmgebirge project located in the potash region of Germany, between Berlin and Frankfurt, where potash was mined for almost 100 years up to 1992.
Our 100% owned mining license areas contain a large-scale potash JORC (2012) Mineral Resource estimate of 258 Mt at 13.5% K2O of Indicated Resources and 5.0 Bt at 10.6% K2O of Inferred Resources.
With strong established infrastructure and proximity to the key European market, the South Harz Project is well positioned to be a low cost potash supplier of choice in central Europe.
The recently released Scoping Study demonstrates the technical and financial robustness of an underground mining operation at Ohmgebirge with a conventional cold water leach – hot crystallization process producing 1 Mtpa of premium Muriate of Potash (MOP) product.
Project IRR of 26.6%, 21 year LOM and cash payback of 3.6 years:
https://southharzpotash.com/investors/asx-announcements/
Cash: AUD$5M
Debt: NIL
Major shareholders:
The Trust Co Aus – 5%
R Luff – 5%
Delphi – 5%
Oceanic – 3%
Lufgan – 3%
Management Ownership – 7%
Management Profile
LUIS da SILVA – CEO and Managing Director, B. Eng (Mining Engineering), ACSM, MBA
An experienced metals and mining executive and director having served as CEO of listed companies and at a senior level in multinationals. Mr. da Silva has a proven track record in value creation for shareholders by forging relationships and managing complex entities with large, international joint venture partners. He is a graduate Mining Engineer from the Camborne School of Mines and received his M.B.A. from the Cranfield School of Management.
ANDREW ROBERTSON – Chief Financial Officer, BSc, FCA
Andrew Robertson is a UK Chartered Accountant and Economics graduate. He has previously been CFO at Board level of two AIM listed and two TSX listed companies- Ecometals Ltd (manganese), African Eagle PLC (nickel), White Tiger Gold, Maple Minerals Canada (lead/zinc) and Laporte PLC based in Germany. In his career spanning over 30 years, he has accumulated significant experience in project evaluation and fund raising – both equity and debt, business efficiency and restructuring steps, and implementation and improvements in financial controls and reporting.
What is your rationale for taking part in 121 Mining Investment?
We would like to broaden our existing investor base, as well as develop interest ahead of a more significant fund raise to fund the mine construction once the DFS and permits have been finalised.
What recent news would you like to highlight to investors attending?
1 Nov AGM Chair speech
31 Oct Qtly report
23 Oct New CEO
9 Oct NED Appointment
7 August Scoping Study
11July Resource upgrade
8 June completion of second confirmatory hole at Ohmgebirge
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Completion of bench scale and pilot scale tests
6 Months:
Site selection
12 Months:
Finalise our PFS
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Financing with appropriate debt to equity ratio, subject to delivering a PFS and DFS.
What do you think makes your company such a compelling investment?
Scale of resource, location in Germany close to end markets, good infrastructure, former potash mine, compelling economics from scoping study, potential for significant value increase.
What are the top 3 key investor takeaways?
1. Brownfield development in 100+ year old potash district
2. Tier 1 jurisdiction
3. In the heart of Europe and its end market