South Harz Potash (ASX:SHP) marks an ‘important’ step in advancing its Ohmgebirge Potash Development Project’s approval process, following its Spatial Planning Application documentation being made publicly available.
The $17.94 million market capitalisation company says releasing this documentation to the public also allows for the next phase of public consultation.
Subsequent to spatial planning approvals and post completion of the project’s environmental impact assessment — which are both expected in H1 2024 — the company will proceed to submit a General Operating Permit for building approval.
South Harz Managing Director and Chief Executive Officer (CEO) Luis da Silva says the company has hit the ground running this year and are advancing permitting while South Harz completes the project’s Prefeasibility Study (PFS).
The overall permitting process for Ohmgebirge is led by South Harz Regional Director Babette Winter.
Winter says the company has received a ‘great’ deal of ‘encouragement’ for the project so far.
“With the release of the application documentation all interested parties can learn more about our plans for Ohmgebirge and we are actively supporting the public consultation process by making the documents available in our Eichsfeld office.”
On 2 November 2023, South Harz announced the application documentation is based on a brownfield development of the project, which includes using the neighbouring Bernterode shaft infrastructure — owned by German manufacturer NDH-E/DEUSA International.
The company says the spatial planning procedure is considered a ‘fundamental’ approval process for infrastructure and industrial projects in Germany that occupy more than 10 hectares of surface areas.
Further, it involves assessing the impact of a project on landscape, environment, economy, and broader social aspects. The process is designed to ensure the balancing of interests between the project proponent and local stakeholders.
South Harz Potash is a potash explorer and developer focused on its projects in the South Harz Potash District region of Germany — midway between Frankfurt and Berlin.
As of 30 September 2023, the company had $2.3 million cash at hand, according to its latest quarterly report. Post-quarter-end, South Harz completed a $2.4 million capital raising.
Write to Aaliyah Rogan at Mining.com.au
Images: South Harz Potash
