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Davenport Resources Ltd.
Summary
| Project: | Ebeleben | |
|---|---|---|
| Deposit: | Ebeleben | |
| Location: | Germany | |
| Commodities: | Potash | |
| Date: | 4/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-4-2018: Davenport Resources Ltd. announces a Resource Estimation report for its Ebeleben deposit at the Ebeleben project. Initial mineral resource estimate at Ebeleben project. Davenport Resources (ASX: DAV) ("Davenport", "the Company") is pleased to an | |
| Resources: | (Resource, Inf.): 576.6Mt @ 12.1% K2O for 69.3Mt K2O contained | |
| CP/QP: | [Resources]: Elizabeth de Klerk, Stanley Bartlett (Micon International Ltd.) | |
| ABSTRACT: | Davenport Resources (ASX: DAV) ("Davenport", "the Company") is pleased to announce a JORC 2012 Inferred Resource of 576.6 million tonnes at 12.1% potassium oxide (K20) for its 100%-owned Ebeleben licence in Germany's South Harz region. The resource, which is predominantly sylvinite, was confirmed by internationally-renowned consultant Micon International Co Limited ("Micon") based on available historic exploration data. Ebeleben is one of three perpetual mining licences in the South Harz Basin that Davenport acquired recently from German government agency Bodenverwertungs-und-verwaltungs GmbH (BVVG), (Figure 1). The Ebeleben area was explored during the 1960s and 1980s under former GDR state control and at one stage, was to be developed as an extension of the adjoining Volkenroda Mine from where 27.4 Mt of potash was extracted. Davenport Managing Director Chris Gilchrist said: "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. Whilst Ebeleben is one of our smallest areas, Micon 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 licenses to a similar level recognized by the JORC Code and, if their exploration targets are also realised, these areas will represent Europe's largest declared potash resource." | |
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