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South Harz Potash receives second drill permit at Ohmgebirge

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World Fertilizer,

South Harz Potash has received drilling approval from the German regulatory authority, Thüringer Landesamt für Umwelt, Bergbau und Naturschutz (TLUBN), for the second of two planned confirmation drillholes within the Ohmgebirge area of its South Harz potash project.

Activities at OHM-01 are set to commence shortly with the construction of the drillpad. The drillpad at OHM02 was completed on schedule in December 2021, with drilling set to commence in the next few days.

Following completion of drilling at OHM-02, targeted for early February, the drill rig will be moved directly to OHM-01 for rapid commencement of this second hole.

Drillhole OHM-01 is planned to a depth of 813 m, targeted to fully penetrate the known potash horizon in the area. The drillhole is designed to twin the historical drillhole, Kal Ktf 5/83, which recorded a potash intercept from 785.2 m to 788.2 m (3 m thick) with an historic reported grade of 12.4% K2O.

Drilling and assay of these two confirmatory drillholes is 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 (a preliminary technical and economic assessment) for Ohmgebirge, which is scheduled for completion by end of 1Q22.

South Harz Managing Director, Dr Chris Gilchrist, commented: “I am delighted that we have received our second and final drilling permit for this area. Securing this permit enables the comprehensive progression of our evaluation program for Ohmgebirge over coming months, which includes drilling both confirmatory drill holes and the completion of a Scoping Study on further development of this world-class potash asset.”

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