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Davenport Resources Ltd.

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Summary

Project:

Ebeleben

Deposit:Kullstedt
Location:Germany
Commodities:Potash
Date:2/19/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-2-2019: Davenport Resources Ltd. announces a Resource Estimation report for its Kullstedt deposit at the Ebeleben project. Initial mineral resource estimate for the Kullstedt deposit. Davenport Resources (ASX: DAV) (“Davenport”, the “Company”) is pleas
Resources:(Resource, Inf.): 1538Mt @ 10.72% K2O for 165Mt K2O contained at Kullstedt
CP/QP:[Resources]: Elizabeth de Klerk (Micon International Ltd.)
ABSTRACT:Davenport Resources (ASX: DAV) (“Davenport”, the “Company”) is pleased to announce a JORC 2012 Inferred Resource of 1,538 million tonnes at 10.7 % potassium oxide (K2O) for the eastern portion of its 100%‐owned Küllstedt Exploration Licence in Germany’s South Harz region (Figure 1). The resource, which covers approximately 106.7 km2 , is composed of both Hartsalz (Sylvinite plus sulphate minerals) (333 million tonnes grading 12.98% K2O) and Carnallitite (1,205 million tonnes grading 10.1% K2O). The resource was confirmed by internationally‐renowned consultancy Micon International Co Limited (“Micon”) based on available historic exploration data. The area adjoins the southern portion of Davenport’s Mühlhausen-Nohra Mining Licence and the new Küllstedt resource is contiguous with the Mühlhausen-Nohra Inferred resource announced in late 2018 (ASX release 16th October 2018). A recent review of the in-ground resources contained within Davenport’s South Harz portfolio has highlighted several areas that have the potential size and grade to sustain new, independent potash projects. These areas include the entire Ebeleben Mining Licence which is rich in high-grade Sylvinite, the northern part of the Mühlhausen-Nohra Mining Licence, which contains extremely thick Carnallitite and Kieserite lending itself to a solution-mining project and the southern portion of the Mühlhausen-Nohra Mining Licence, extending into the southern portion of Davenport’s Küllstedt Exploration Licence where the deposit contains impressive thicknesses of high grade Sylvinite together with valuable sulphate minerals (Hartsalz) which we believe would support a large, long-life, conventional mine

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