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South Harz Potash Limited announces appointment of Executive Chairman

Published by , Deputy Editor
World Fertilizer,

South Harz Potash Limited announced the appointment of its existing Chairman, Mr Ian Farmer, to the role of Acting Executive Chairman. This appointment follows the immediate departure of previous Managing Director and CEO, Mr Chris Gilchrist, from the business.

Mr Farmer is a UK-based, highly experienced mining executive. He served as CEO of Lonmin plc, the third largest platinum miner globally, between 2008 and 2012, during which he oversaw a period of significant transformation, both operationally and financially. During his 26 years at Lonmin plc, and its parent company Lonrho plc, Mr Farmer held various other senior financial and management positions, including the role of Chief Strategy Officer from 2001 to 2008. Mr Farmer also led the acquisition of various junior mining projects and their integration into the Lonmin group. He has been a Non-Executive Director of The Royal Marsden NHS Foundation Trust in the UK since 2014 and was previously a Non-Executive Director of VTTI Energy Partners LP from 2014 to 2017.

A global search process for the appointment of South Harz’s next CEO is underway. Upon that appointment, it is expected that Mr Farmer will step back from executive duties and resume the role of Non-Executive Chairman.

Alongside this process, the company plans to establish its key operational management and personnel hub in Thuringia, Germany. This will place the core operational team in the South Harz region as the business seeks to rapidly advance its potash assets through development and into production.

South Harz confirms that its current project activities remain on schedule. Drilling of the second confirmatory drillhole (OHM-01) within the Ohmgebirge Mining Licence (Ohmgebirge) area of the South Harz Potash Project is completed, and assay results are expected during June.

Comprehensive results from the two confirmatory drillholes are targeted to allow South Harz to upgrade a substantial proportion of the current Ohmgebirge JORC (2012) Inferred Mineral Resource estimate to the Indicated category. Subject to concurrent and satisfactory advancement of all modifying factors, this is expected to allow the release of a comprehensive Scoping Study for Ohmgebirge, which is expected to be completed in early Q3 2022.

South Harz Chairman, Mr Ian Farmer, commented: “I am pleased to assume the role of Executive Chairman to facilitate the current senior leadership transition.”

“South Harz is moving through an exciting phase with the recent completion of the Ohmgebirge confirmatory drilling, coupled with the scheduled resource update and then Scoping Study completion. I look forward to actively driving the business through this phase as we rapidly progress our South Harz Potash assets through development and into production.”

“On behalf of the Board and all shareholders, I would like to thank Chris for his commitment and dedicated service to South Harz over the past 4 years. We wish him well in both his future professional and personal endeavours.”

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