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South Harz Potash Restricted (ASX:SHP) (South Harz or the Firm) is happy to announce that it has entered into an choice heads of settlement to accumulate the Glava Copper-Gold-Silver venture in south-western Sweden. The acquisition marks step one within the Firm’s transition towards a diversified, multi-asset exploration and growth technique.
South Harz Govt Chairman Mr Len Jubber, commented:
“The Glava acquisition choice represents an thrilling milestone and alternative for South Harz to leverage our European footprint into one of the geologically potential and underexplored copper-gold provinces in Scandinavia. This primary step transforms South Harz right into a diversified sources firm, transferring from a single asset firm in direction of a broader regional platform. Whereas we preserve strategic persistence with our large-scale South Harz Potash Challenge, we’re broadening our portfolio to incorporate metals important to world provide chains and the power transition.
The Glava Challenge gives rapid discovery potential, internet hosting seen bornite, covellite, and chalcocite epithermal mineralisation with gold, silver and tellurium in outcropping vein methods, together with historic
artisanal manufacturing of over 10% copper. Negligible glacial until permits for the usage of confirmed, cost-effective exploration methods. Preliminary subject actions, together with a magnetic survey have been accomplished underneath
the steering of McKnight Assets and we look ahead to analysing and decoding the gathered info within the coming weeks. We’re dedicated to systematically exploring Glava’s potential, whereas persevering with to guage complementary alternatives to strengthen the portfolio and create sustained shareholder worth.”
Highlights
- Possibility Settlement executed to accumulate Glava Cu-Au-Ag Challenge, positioned in Värmland Province, Sweden
- First potential acquisition underneath South Harz’s diversified asset development technique, increasing its portfolio into important (base) and valuable metals alongside German potash belongings
- Excessive-grade epithermal copper mineralisation, with related gold, silver and tellurium, confirmed by latest sampling. Historic artisanal mining recorded as much as 10.5% Cu
- Negligible glacial until permits to be used of confirmed, cost-effective exploration methods
- Floor magnetic survey and rock chip sampling accomplished in November 2025, with outcomes to feed into drill goal technology
- Possibility Settlement contains strategic relationship with distributors McKnight Assets AB, leading to established and skilled exploration functionality in Sweden
- The potential acquisition delivers rapid discovery alternative, whereas preserving the long run worth and optionality within the perpetual tenure throughout the SHP German potash initiatives
The Glava Challenge
The Glava Challenge, which is positioned in Sweden’s Värmland area (Determine 1), covers 430Ha underneath a single exploration licence throughout the japanese extensions of the Proterozoic Grenville Orogenic Belt, an rising copper-gold exploration district extending via Scandinavia, the UK, Greenland and Newfoundland.
The venture space contains a extremely potential and underexplored copper-gold system with a historical past of high-grade artisanal manufacturing. It hosts outcropping bornite, covellite and chalcocite mineralisation, and visual tellurides, as described within the Sweden Geologiocal Survey (SGU) database, at two mineral occurrences, particularly Glava Koppagruvor and Skarpning SV Glava (Determine 1). The telluride minerals are steadily a element of epithermal deposits. This acquisition offers South Harz rapid exploration entry to important and valuable metals in a Tier-1 European jurisdiction.
Determine 1: Location of the Glava Cu-Au-Ag Challenge in Western Sweden
Historic data present that artisanal mining at Glava Koppargruvor produced about 2,280 tonnes of rock, together with 49 tonnes with a grade of 10.5% Cu, in addition to further enriched ore stockpiles from shallow early Twentieth-century workings (Lundegårdh 1995). Two important accessible shallow open pits (East and West), along with an deserted 14m deep shaft, offered alternatives for a contemporary evaluation of the geological setting and sampling of the fabric on the adjoining waste dumps (Determine 2). Mineralisation is structurally managed alongside a north-south oriented fracture array that intersects the shallow-south-dipping meta-sediment host rocks. The goal zone is interpreted to be dipping in direction of the south (refer Determine 2, Longitudinal Part).
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