Samso News: South Harz Potash Limited — New Cu-Au Zone Identified at Glava – Monitoring Early-Stage Copper-Gold Upside
- Noel Ong
- 3 hours ago
- 5 min read
Announcement
Further Cu-Au mineralised area identified at Glava Project – 20 January 2026 (view the announcement)
The South Harz Potash Limited story is one that has intrigued me from the first time I came across their story late 2025. Over the decades that I have been in this industry, I have not come across many ASX companies going to the Scandinavian regions. I know that the region is prospective and they have some solid mining operations happening, however, there have been few that have ventured there and had a great deal of success I think.
I am always keen to look at what companies are doing and this was the first reaction I had in late 2025. This update is all about what the company has identified and I suspect the drilling part of the story telling will be soon.
South Harz Potash Limited - Glava Project: Early-Stage Copper-Gold Exploration in Sweden
Samso continues to follow South Harz Potash (ASX: SHP) as it expands beyond its original potash focus into early-stage base and precious metals exploration. This update is relevant as it moves the Glava Project from historical context into modern field validation, with multiple datasets now pointing to scale, continuity, and follow-up drill potential (Figure 1).
Figure 1: Project Location Map (source: SHP)
Highlights – Fieldwork Confirms New Copper-Gold Zone and Expands Exploration Footprint
Initial fieldwork at the Glava Project in Sweden identified a new potentially mineralised copper-gold zone, located approximately 300 metres from known historic workings.
Rock chip sampling returned high-grade results, including a standout assay of 9.88 g/t gold and 2.88% copper, confirming strong localised mineralisation (Figure 2).
Figure 2: Rock chip geochemical sample location map (source: SHP)
Geochemical results show a consistent and positive copper–gold correlation across samples, supporting system coherence.
Ground magnetic surveying highlighted north–south structural trends, consistent with interpreted controls on mineralisation and extending towards newly applied licence areas (Figure 3).
Figure 3: Ground magnetic interpretation over Glava 100 (source: SHP)
Reconnaissance sampling also identified rare earth element (REE) mineralisation, including a result of 9,513 ppm total REEs with a favourable ~30% Nd-Pr ratio, adding optionality.
Waste dump sampling around historic pits returned elevated copper, gold, and silver grades, consistent with historical data and reinforcing system strength (Figure 4).
Figure 4: Waste dump geochemical sampling map (source: SHP)
The combined datasets support an epithermal-style copper-gold system and justify follow-up work and drill testing (Figure 5).
Figure 5: Sodium alteration geochemistry map (source: SHP)
This model summarises how copper-gold mineralisation at Glava may be controlled by north–south structures linked to deeper intrusive activity (Figure 6). It provides a framework to guide follow-up exploration and drill targeting.
Figure 6: Conceptual geological model for the Glava epithermal system (source: SHP)
Leadership Commentary
South Harz Executive Chairman Mr Len Jubber commented:
“The initial program both confirms the historic grades recently reported and strengthens our hypothesis that Glava is potentially an epithermal-style mineral system.
The newly identified mineralisation at the southern boundary is evidence of the exploration upside and highlights the value of the recent contiguous exploration licence applications.
Additionally, the anomalous rare earths result near the southern boundary of the permit may present significant optionality and justifies follow-up exploration to identify further occurrences.
We are encouraged by these early results and therefore progressing with the design of our initial drill program, planned for the June 2026 quarter.”
Near-term Milestones to Watch
Follow-up geological mapping and expanded rock chip sampling
Extension of ground magnetic surveys to refine structural targets
Further assessment of REE potential alongside copper-gold targeting
Integration of geophysics, geochemistry, and geology into a refined model
Maiden drill program planning for the June Quarter 2026
Samso Concluding Comments
This is a greenfield project with some interesting rock chips and geophysical interpretation. One of the aspects of Scandinavian projects is the lack of transported materials. There are some glacial tills but generally, what you see is simply rocks unlike Australia where most of the work is done undercover.
In terms of what was in the update, the numbers are good but the investors need to know that if you see the minerals in hand specimen and you send it for analysis, you are going to get high numbers. Hence, it is always good to take information in the context that it represent.
Time will be needed and patience will be required.
Market Implication - The Investor Lens
With a market capitalisation of under AUD $4M as of the 3rd February 2026, you will have plenty of runway to decide on taking a position or not. The share price chart is not inspiring and is pretty flat. One would think that is ok as things are just starting to build.
A consideration for SHP is that these projects could well be put in to keep things clicking along while the company is looking for something more realistic? I don't think there is any hurry to position in this story for now.
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