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Davenport announces maiden JORC potash resource for Ebeleben licence

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World Fertilizer,

Davenport Resources has released a statement announcing a JORC 2012 inferred resource of 576.6 million t at 12.1% potassium oxide (K2O) for its 100% owned Ebeleben licence in the South Harz region of Germany.

The resource is largely sylvinite, and was confirmed by Micon International Co. Ltd – an internationally renowned consultant – based on available historic exploration data. Micon is continuing to model data from Davenport’s adjoining South Harz licenses with the aim of confirming further JORC resources.

Ebeleben is one of three perpetual mining licenses in the South Harz Basin that Davenport recently acquired from the German government agency, Bodenverwertungs-und-verwaltungs GmbH (BVVG). In the statement, Davenport claims that the Ebeleben area was explored in the 1960s and 1980s under former GDR state control. At one point, it was to be developed as an extension of the adjoining Volkenroda Mine, from which 27.4 million t of potash was extracted.

The Managing Director of Davenport, Chris Gilchrist, said: “This is the first of several areas in the recently acquired licences where we believe there insufficient 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 recognised 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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