Davenport Resources Gains Final Approval for German Mining Licence Acquisition

Davenport Resources (ASX: DAV) (“Davenport”, “the Company”) is pleased to announce it has secured the final approval required for the acquisition of three highly prospective potash Mining Licences in Germany’s South Harz region from German government agency Bodenverwertungs-und-verwaltungs GmbH (BVVG).
The Thüringen State Mining Authority, which has jurisdiction over the area in which the Mining Licences are located, gave notice this week approving the transfer of title of the tenements to Davenport’s German subsidiary company East Exploration GmbH. The approval satisfied the remaining condition on the BVVG transaction, ensuring Davenport and consultant ERCOSPLAN can proceed with a review of historic exploration data from the licences that will be of great assistance in guiding cost-effective brownfields evaluation of the area.
Davenport Managing Director, Chris Bain said:

“Now that all formal approvals for the acquisition are complete, Davenport expects the first report on historic drilling within two weeks and more results to follow progressively over the next three months.”

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