Brief: South Harz Potash Executs MoU For Existing Shaft & Infrastructure Utilisation

Turnstone Resources

02/11/2023 01:23

Nov 2 (Reuters) - South Harz Potash Ltd  SHP.AX :
    * MOU EXECUTED FOR EXISTING SHAFT & INFRASTRUCTURE
UTILISATION
    * MOU FOR LONG-TERM UTILISATION OF EXISTING BERNTERODE SHAFT
TO
DELIVER ACCELERATED ACCESS TO OHMGEBIRGE DEPOSIT
    * EXECUTION OF A NON-BINDING MEMORANDUM OF UNDERSTANDING
WITH
NDH-E/DEUSA INTERNATIONAL GMBH
    * BINDING EXCLUSIVITY GRANTED TO SOUTH HARZ UNTIL 31 MARCH
2024 TO
REACH DEFINITIVE COMMERCIAL AGREEMENT
    * ARRANGEMENT WITH DEUSA IS EXPECTED TO RESULT IN
SUBSTANTIAL
CAPITAL COST ADVANTAGES TO SOUTH HARZ

Source text for Eikon:  ID:nASX19Z4x1 
Further company coverage:  SHP.AX 

 ((Reuters.Briefs@thomsonreuters.com;))