All key Prefeasibility Study (PFS) workstreams at South Harz Potash’s (ASX:SHP) flagship Ohmgebirge Potash Development in central Germany are running on time and budget.
South Harz says the PFS process, which is being led by South Harz’s COO Lawrence Berthelet, in conjunction with global potash development company Hatch, has now achieved the 75% completion level.
The final PFS report remains on track for scheduled completion during December 2023.
South Harz says recent milestones achieved by the combined engineering team, including Hatch, K-UTEC, ERCOSPLAN, and Micon, include engineering studies progressing on brownfield and greenfield development options; mine plan completed in September; planned utilisation of underground crushing to accommodate PocketLift conveyor haulage; and total utilities estimates finalised, among others.
The PFS scope includes the analysis of options to limit peak capital requirements of the project, while retaining attractive overall economics
The PFS scope includes the analysis of options to limit peak capital requirements of the project, while retaining attractive overall economics. This includes not only brownfield options but also alternative approaches to capacity design, including a potential phased approach to capacity build-up.
The update follows confirmation last week that the initial spatial planning consultation and hearing process for Ohmgebirge was completed with key local, NGO, and regulatory stakeholders.
South Harz notes this process saw no significant concerns or objections raised on the application for Ohmgebirge.
South Harz continues to compile the full Spatial Planning Application for Ohmgebirge, which remains on track for submission to the regulator in early Q4 CY2023. Under the regulatory framework, the decision on spatial permitting is required within 6 months of submission of the Spatial Planning Application.
Write to Adam Orlando at Mining.com.au
Images: South Harz Potash
