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South Harz Potash Ltd ( (AU:SHP) ) has shared an update.
South Harz Potash has lodged three exploration permit applications for the Torsby West Project in Sweden, securing a 6,300-hectare area along a 25km corridor of structurally controlled copper-gold-cobalt mineralisation. The area hosts multiple historical high-grade copper workings, including mined grades reportedly up to 7% copper, and 19 historic diamond drill holes available for re-logging, which together offer a cost-effective path to rapidly validate and refine exploration targets. This move establishes a second regionally significant IOCG opportunity alongside the company’s Glava holdings, materially scaling its Scandinavian copper-gold portfolio at a time of strong copper prices and heightened European focus on domestic critical minerals supply, reinforcing South Harz’s strategic positioning in a top-tier mining jurisdiction.
More about South Harz Potash Ltd
South Harz Potash Limited is an ASX-listed resources company expanding a critical minerals portfolio in Scandinavia, with a growing focus on copper-gold exploration in underexplored Iron Oxide Copper Gold (IOCG) terranes in Sweden. The company is building a district-scale presence through projects such as Glava and now Torsby West, leveraging Sweden’s highly ranked mining jurisdiction to position itself within Europe’s emerging critical minerals supply chain.
Average Trading Volume: 290,898
Technical Sentiment Signal: Sell
Current Market Cap: A$3.56M
Find detailed analytics on SHP stock on TipRanks’ Stock Analysis page.