South Harz Potash (ASX:SHP)

Company Profile

South Harz Potash (South Harz) is a potash exploration and development company with its flagship project located in the South Harz Potash District of Germany, midway between Frankfurt and Berlin. The South Harz Project hosts a globally large-scale potash across four wholly-owned project areas located favourably within central Europe. This comprises three perpetual potash mining licences, Ohmgebirge, Ebeleben and Mühlhausen-Nohra, and two potash exploration licences, Küllstedt and Gräfentonna, covering a total area of approximately 659km.

South Harz’s flagship Ohmgebirge Development is focussed on the future mining, processing and sale of Muriate of Potash from the Ohmgebirge Sylvinite deposit (290 Mt Mineral Resource at 13.5% K2O).

Key highlights of the Ohmgebirge Development are:

  • Outstanding, first world jurisdiction in a region rich with infrastructure and potash mining history.
  • License areas cover a thick potash deposit of simple and well understood mineralogy.
  • Planned mining and processing mechanics are long established and extensively proven in this district.
  • Low-impact development based on a self-imposed commitment to zero permanent waste piles on surface.
  • Equal commitment to zero water discharges, which have historically been a defining feature of the industry.
  • Expected utilisation of grid power, which in Germany is already approximately 50% from renewable sources.
  • Capital intensity of development forecast to be comfortably below average for equivalent scale operations.
  • Proximity to the European market offers huge cost and carbon footprint advantages versus other suppliers.
  • Asset domicile increasingly valuable given heightened geopolitical tensions and supply challenges.
  • Presents a clear strategic opportunity for South Harz to become a new potash supplier of choice into Europe.

KEY PEOPLE

Ian Farmer, Non-Executive Chairman

Ian Farmer, Non-Executive Chairman

Experience and expertise: Mr Farmer is a UK based highly experienced mining executive.
He served as CEO of Lonmin PLC, the third largest primary platinum miner globally,
between 2008 and 2012, where he oversaw a period of significant transformation, both
operationally and financially. During his 26 years at Lonmin and its parent company
Lonrho, Mr Farmer held various other financial and strategic positions. Mr Farmer led the
acquisition of various junior mining projects and integrated them into the group.

Luis Cabrita da Silva, CEO and Managing Director

Luis Cabrita da Silva, CEO and Managing Director

Luis da Silva is a proven natural resources business leader and executive with close to 30
years’ experience in the mining industry. Over the last fifteen years he has progressively
held CEO roles at listed mining companies including significant involvement in the
phosphate and fertilizer industries.
Most recently, Luis was the President and CEO of Andean Precious Metals (TSXV:APM), a
leading Latin-American silver producer from its San Bartolome Mine in Bolivia

Lawrence Berthelet, Chief Operating Officer

Lawrence Berthelet, Chief Operating Officer

Lawrence Berthelet  is an experienced potash mining and processing expert. He was Head of Mining Division at EuroChem. Prior to that he held several senior management roles across seven years at potash major, The Mosaic Company. Preceding that, Lawrence held the roles of Vice President, Potash (Global Mining and Metallurgy) and General Manager, Saskatoon, at SNC-Lavalin across a period of five years. Prior to this, he held senior positions at Agrium (now Nutrien) and Saskatchewan Minerals.

Rory Luff, Non-Independent Non-Executive Director

Rory Luff, Non-Independent Non-Executive Director

Rory Luff is the founder of BW Equities, a specialist Melbourne equities advisory firm and
has over 15 years’ experience in the financial services industry. Rory has spent most of his
career in the financial markets advising resources companies on capital raisings and
financial markets strategy.

Dr.Reinout Koopmans, Independent Non-Executive Director

Dr.Reinout Koopmans, Independent Non-Executive Director

Dr Koopmans spent 15 years in investment banking, based in London. He was responsible
globally for public equity raising for natural resource companies at Deutsche Bank and he
led the European equity capital markets team at Jefferies International. In the 1990’s,
Reinout was a management consultant with McKinsey & Co in Germany and South-East
Asia. He has significant business experience in Germany. Reinout has a PhD and master’s
degree from the London School of Economics, and a degree from Erasmus University,
Rotterdam.

Len Jubber, Independent Non-Executive Director

Len Jubber, Independent Non-Executive Director

Len Jubber, a Civil Engineer, was recently the Chief Executive of Kalium Lakes and was
Chief Executive of Bannerman Resources Ltd, a uranium development company for eight
years. Prior roles include Chief Executive of Perilya Ltd, a zinc and lead producer, and Chief
Operating Officer of Oceana Gold Ltd. In a mining career spanning more than 30 years, he
brings a wealth of technical, commercial and corporate experience.

Seamus Cornelius, Independent Non-Executive Director

Seamus Cornelius, Independent Non-Executive Director

Mr. Cornelius brings to the board over 30 years of corporate experience in both
commercial and legal negotiations.  Mr. Cornelius lived and worked in China for 25 years
while based in Shanghai and Beijing.  From 2000 to 2010 he was an international partner
with one of Australia’s leading law firms and specialized in dealing in cross border
investments, particularly in energy and resources. He advised foreign entities investing in
China and major Chinese companies investing outside of China.
Since 2010 he has served on numerous public company boards in Australia and London.

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