• Massive resources across four potential potash projects in Germany, the largest in Western Europe, 5.3 billion tonnes containing 567 Mt K2O in areas adjacent to historic potash mines. • Davenport holds perpetual mining licences & results from over 300 exploration holes drilled by former East German state potash mining company. • JORC Inferred resources have been established. Only two twin holes required to ènable announcement of scoping studies in each licence area. • Low targeted capital and operating costs. • Unique resource also contains sulphates – attractively priced magnesium and potassium sulphate can be produced. • Funding of drilling program reaching successful conclusion. Drilling will take place in 2021.
• Davenport bought mining licences for the explored areas in late 2017 and acquired the entire suite of exploration data from over 300 drillholes. • The licences are unique and valuable as they are perpetual in nature and require no rent, royalty or development commitment.
• Davenport also holds exploration licences for two large areas, Küllstedt and Gräfentonna. • Davenport’s total potash resource inventory currently stands at 5.3 billion tonnes, the largest in Western Europe.
• In addition to being the largest known potash resource in Western Europe, Davenport holds the world’s second-largest untapped resource compared with other known projects.
DAV seem to be one of the best risk v rewards on the asx imo. Fully funded "10 mill " drilling to start Q2-Q3 to upgrade resources and scoping results to be announced. All this with a MKT cap of only 35 mill... It's going to be a very big six months.
DAVPrice at posting: 8.1¢Sentiment: BuyDisclosure: Held
• Massive resources across four potential potash projects in Germany, the largest in Western Europe,5.3 billion tonnes containing 567 Mt K2O in areas adjacent to historic potash mines.• Davenport holds perpetual mining licences & results from over 300 exploration holes drilled by former EastGerman state potash mining company.• JORC Inferred resources have been established. Only two twin holes required to ènable announcement ofscoping studies in each licence area.• Low targeted capital and operating costs.• Unique resource also contains sulphates – attractively priced magnesium and potassium sulphate can beproduced.• Funding of drilling program reaching successful conclusion. Drilling will take place in 2021.• Davenport bought mining licences for the exploredareas in late 2017 and acquired the entire suite ofexploration data from over 300 drillholes.• The licences are unique and valuable as they areperpetual in nature and require no rent, royalty ordevelopment commitment.• Davenport also holds exploration licences for twolarge areas, Küllstedt and Gräfentonna.• Davenport’s total potash resource inventorycurrently stands at 5.3 billion tonnes, the largest inWestern Europe.• In addition to being the largest known potashresource in Western Europe, Davenport holds theworld’s second-largest untapped resourcecompared with other known projects
DAV seem to be one of the best risk v rewards on the asx imo. Fully funded "10 mill " drilling to start Q2-Q3 to upgrade resources and scoping results to be announced. All this with a MKT cap of only 35 mill... It's going to be a very big six months.DAV Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
