South Harz Potash Limited – Strategic Diversification Begins with Option to Acquire Scandinavian Copper–Gold Project
- Noel Ong
- Dec 24, 2025
- 6 min read
Announcement
Option to Acquire Scandinavian Copper-Gold Project 28 November 2025
South Harz Potash Limited (ASX: SHP) has taken its first step toward a multi-asset growth strategy with an exclusive option to acquire the Glava Copper-Gold-Silver Project in western Sweden. Located in the Värmland Province, the project area sits within the eastern extensions of the Proterozoic Grenville Orogenic Belt, a region recognised as an emerging copper-gold district across Scandinavia, the UK, Greenland, and Newfoundland (Figure 1).
This potential acquisition marks a significant shift in South Harz’s evolution—from a single-asset potash developer to a diversified critical-minerals company in Tier-1 European jurisdictions.
Figure 1: Location of the Glava Cu-Au-Ag Project in Western Sweden (source: SHP)
The Business of the Company: Focus – Projects
South Harz Potash is broadening its portfolio while maintaining long-term strategic patience on its German potash assets (Figure 2).
The new Glava Cu-Au-Ag Project option represents the Company’s first diversification initiative.
SHP continues to advance and preserve value in its Ohmgebirge and broader South Harz Potash Project (perpetual tenure, multi-deposit footprint).
The Company aims to balance exposure between critical minerals, precious metals, and fertiliser minerals.
Strategic partnerships, including alignment with McKnight Resources AB, strengthen SHP’s capability across Europe.
Figure 2: Multiple Pathways to European Critical Minerals Value (source: SHP)
Highlights – First Step into Scandinavian Copper–Gold Discovery Potential
(Figure 3)
Option executed to acquire the Glava Cu-Au-Ag Project, expanding SHP into critical and precious metals.
High-grade copper–gold–silver–tellurium system, with historic artisanal mining producing ore grading up to 10.5% Cu.
Outcropping bornite, covellite, and chalcocite, and visible tellurides recorded in Sweden Geologiocal Survey (SGU) data.
Negligible glacial till enables cost-effective surface exploration.
Ground magnetic survey (40 line-km) and rock chip sampling completed in November 2025.
Results will contribute to drill-target generation for 2026 programs.
Option structure includes a strategic relationship with McKnight Resources AB, providing in-country geological expertise.
Acquisition is aligned with SHP’s strategy to maintain value in its German potash assets while adding near-term discovery leverage in Europe.
Figure 3: Historic Glava East and West Pits with Mapped Structural Lineaments and Sampling Locations (source: SHP)
Leadership Commentary
South Harz Executive Chairman Mr Len Jubber commented:
“The Glava acquisition option represents an exciting milestone and opportunity for South Harz to leverage our European footprint into one of the most geologically prospective and underexplored copper-gold provinces in Scandinavia. This first step transforms South Harz into a diversified resources company, moving from a single asset company towards a broader regional platform. While we maintain strategic patience with our large-scale South Harz Potash Project, we are broadening our portfolio to include metals essential to global supply chains and the energy transition.
The Glava Project offers immediate discovery potential, hosting visible bornite, covellite, and chalcocite epithermal mineralisation with gold, silver and tellurium in outcropping vein systems, including historic artisanal production of over 10% copper. Negligible glacial till allows for the use of proven, cost-effective exploration techniques. Initial field activities, including a magnetic survey have been completed under the guidance of McKnight Resources and we look forward to analysing and interpreting the gathered information in the coming weeks. We are committed to systematically exploring Glava’s potential, while continuing to evaluate complementary opportunities to strengthen the portfolio and create sustained shareholder value.”
About the Project
The Glava Project consists of a 430-hectare licence containing two known mineral occurrences—Glava Koppagruvor and Skarpning SV Glava.
Key geological observations include:
Strongly metamorphosed volcanic host rocks with near-vertical N–S fracture systems controlling copper mineralisation.
Visible bornite, covellite, chalcocite, and accessory gold, silver, and tellurium.
Historical mining (1916–1918) extracted ~2,280 tonnes of rock, producing 49 tonnes at 10.5% Cu.
Rock chips collected in 2024 show multi-element potential, including up to 4.89 g/t Au, 49 g/t Ag, 1.42% Cu, and up to 54 ppm tellurium (Table 1).
Table 1: Analytical Results of Waste Dump Sampling Program, 2024
Near-Term Milestones to Watch
(Table 2)
December 2025: Ground magnetics data delivered.
December 2025–January 2026: Rock chip assay results expected.
Q1 2026: Integration of datasets into GIS for target refinement.
June Quarter 2026: Start of Phase 2 drilling (rotary core → initial diamond drilling).
2026: Early metallurgical test work and potential expansion into new permits (pending SGU approvals).
Table 2: Proposed Glava Work Programme
Samso Concluding Comments
The significance of this move lies in timing. With potash valuations subdued, South Harz is bringing in a project that will give it some form of marketing. This approach is survival mode thinking.
Glava’s position within the broader Grenville Belt—an emerging copper–gold domain—provides South Harz with a narrative of a system capable of hosting meaningful mineral endowment. The historical production record, although not JORC-compliant, provides evidence of grade and system fertility.
The Company’s partnership with McKnight Resources will give them local geological expertise, and this will give investors confidence that they can have an on-ground crew to accelerate potential early-stage success, especially in structurally complex terrains.
As South Harz moves toward its 2026 drilling campaign, investors will need to be watching for signs of continuity, grade results, and proof of structural controls that may define a new Scandinavian copper–gold discovery.
Scandinavian projects, such as what SHP is talking about is not going to be easy. As I have always said, it will come with ability to sustain capital requirements as exploration activities begin.
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