Davenport Resources Limited (ASX: DAV) through its wholly owned German subsidiary, East Exploration GmbH, holds potash project licences in Germany’s South Harz potash district.
The South Harz Potash District in the northern part of the German Federal State of Thuringia has a history of producing Muriate of Potash (MOP) from both Sylvinite and Carnallitite ores. Historically potash ores have been mined by both conventional underground and solution mining operations. Prior to the re-unification of Germany the district (in the former German Democratic Republic) produced approximately 3.5 million tonnes of K 2 O annually (approx. 4.4 million tonnes of MOP).
The project comprises two exploration licenses and three mining licences covering a total area of approximately 659km 2 . The Küllstedt licence and Gräfentonna exploration licences were granted on the 12 Jan 2015. Under the German Mining Law the exploration licences are granted for a term of five years with an option to renew for a further three years. The mining licences purchased from German governmnent agency BVVG are perpetual and have historic resources from the when they were part of the former German Democratic Republic potash production and exploration assets.
In addition, Davenport retains an Australian exploration project, the Southern Cross Bore project, located approximately 75km north of Alice Springs in Australia’s Northern Territory. The project comprises exploration licences covering an area of approximately 650 km 2 , prospective for Iron Oxide Copper and Gold (IOCG) style mineralisation.
-BSc (Hons),MBA, FAusIMM,FAICD
Patrick McManus has a degree in mineral processing from Leeds University and an MBA from Curtin University. A mining professional for more than 30 years, his work has taken him to many sites within Australia and overseas, including Eneabba and the Murray Basin in Australia, and Madagascar, Indonesia and the United States. During that time, Patrick has worked in operational, technical and corporate roles for RioTinto, RGC Limited and Bemax Resources Limited. He was a founding director and, from January 2007 to March 2010, managing director of ASX-listed Corvette Resources Limited. Patrick McManus is the Managing Director of Parkway Minerals NL.
DR CHRIS GILCHRIST
- C.Eng FIMMM,
A highly experienced international mining executive with over 35 years mining management and director level experience. He has successfully built and managed large mining operations in Europe and Africa. Importantly, Dr Gilchrist has significant experience in potash mining, processing and marketing.
He was General Manager and Operations Director for Cleveland Potash Limited (UK) now part of the Israel Chemicals group. From 2011 to 2014, he was a Non-Executive Director of South Boulder Mines (now Danakali Ltd) managing feasibility work on the Colluli potash project in Eritrea. More recently he has acted as Project Manager and adviser to Circum Minerals on their Ethiopian potash project.
-B App Sc (App Geol), Dip Geo Sc, MAusIMM, GAICD
Mr Christopher Bain is Managing Director of Davenport Resources. Mr Bain is a geologist and mineral economist, with over 40 years experience including underground mining and exploration throughout Australia. He has lead mining research teams on both the buy and sell side and successfully managed a boutique resource equity investment fund. As a corporate advisor he has been instrumental in mining project divestitures and acquisitions, valuations, capital raisings and managed several initial public offers (IPOs) and ASX listings. Mr Bain is a non-executive director of ASX listed KGL Resources Ltd.
Mr Rory Luff is a current Non-Executive Director of Davenport. He 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.
– B Bus (Acct), CPA (Aust)
Mr Rajan Narayanasamy has served more than 20 years in the resources industry, having engaged with both listed mineral exploration companies and producers. His experience covers finance, accounting and secretarial; and was previously CFO/Company Secretary of Saracen Mineral Holdings, a listed gold producer.
- MSc, BSc, CSci, MIMMM – Project Director
A geologist with over 25 years experience, he has worked in Australia, USA, Middle East, Turkey and Greece. His most recent role was as in-country MD for a potash project in Ethopia where he established the exploration team taking the project through a full resource drill-out and feasibility study. He is the project director of Davenport Resources based in Europe Mr Wilkinson resides in Europe and will be responsible for planning and implementing Davenport’s potash exploration program.