South Harz Potash Limited announced initial assay results from the recently completed drillhole, OHM-01, located within the Ohmgebirge Mining Licence (Ohmgebirge) area of its South Harz Potash Project. Results returned to date are summarised in the table below. Assay results from the lower section of the drillhole are still pending. Drillhole OHM-01 was completed to a depth of 807.91m to fully penetrate the known Staßfurt Potash
Horizon (z2KSt). It was designed to twin and validate the results of the historic drillhole, Kal Ktf 5/83, which recorded a potash intercept from 785.2m to 788.2m (3.0 m thickness) with an historic reported grade of 12.4% K2O. OHM-01 was drilled approximately 100m north of the historic drillhole. It intercepted the top of the high- grade potash horizon from 775.05m down to a depth of 778.80m, a total apparent thickness of 3.75m. A comprehensive assay suite comprising wet ICP and XRD analyses has identified a high grade Anhydritic Hartsalz returning an average intercept grade of 16.9% K2O. A second lower grade potash zone with a higher abundance of kieserite (MgSO4·H2O) was identified from 787.67m to 795.19m downhole, with assay results still pending. Drilling and assay of core from these two confirmatory drillholes is intended to allow South Harz to upgrade a substantial proportion of the current Ohmgebirge JORC (2012) Inferred Mineral Resource estimate to the Indicated category. Following receipt of the key assay results from both OHM-02 and OHM-01, work has now commenced on updating the Ohmgebirge Mineral Resource estimate. Subject to concurrent and satisfactory advancement of all modifying factors, this is expected to allow the release of a comprehensive Scoping Study (a preliminary technical and economic assessment) for Ohmgebirge in early third quarter of 2022.