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TURNSTONE RESOURCES LTD — Board/Management Information 2023
Aug 17, 2023
65958_rns_2023-08-17_79c49f9a-b264-4400-905c-e5ee87c9dd13.pdf
Board/Management Information
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ASX ANNOUNCEMENT
18 August 2023
SEAMUS CORNELIUS APPOINTMENT – OPTION ISSUE
South Harz Potash Limited (ASX:SHP) ( South Harz or the Company ) wishes to provide additional information in relation to the appointment of Seamus Cornelius, as a Non-Executive Director of the Company, as announced on 16 August 2023.
Mr Cornelius will be entitled to receive one million Incentive Options, which will be issued without shareholder approval, pursuant to Exception 12 of Listing Rule 10.12.
These options are exercisable at a strike price 100% above the 20 day VWAP share price prior to the grant of the options, expiring 4 years from grant date and will vest upon the expiry of 18 months service.
This ASX release has been approved by CEO & Managing Director, Luis da Silva.
Investor and media enquiries
Luis da Silva Michael Vaughan CEO & Managing Director Fivemark Partners South Harz Potash Ltd +61 422 602 720 [email protected] [email protected]
680.5M Ordinary Shares 90.4M Unlisted Options
ABN: 64 153 414 852 ASX Code: SHP ASX Code (Options): SHPO Frankfurt Code: A2DWXX
CONTACT DETAILS W: southharzpotash.com E: [email protected] P: +61 (0) 408 447 493
U13, 6 – 10 Douro Place West Perth WA 6005
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About South Harz
South Harz Potash (ASX: SHP) ( South Harz ) is a potash exploration and development company with its flagship project located in the South Harz Potash District of Germany, midway between Frankfurt and Berlin.
The South Harz Project hosts a globally large-scale potash JORC (2012) Mineral Resource estimate of 5 billion tonnes at 10.6% K2O of Inferred resources and 258 million tonnes at 13.5% K2O of Indicated Resources across four wholly-owned project areas located favourably within central Europe.[1] This comprises three perpetual potash mining licences, Ohmgebirge, Ebeleben and Mühlhausen-Nohra, and two potash exploration licences, Küllstedt and Gräfentonna, covering a total area of approximately 659km.
With strong established infrastructure proximate to the key European market, the South Harz Project is well positioned to enable rapid economic development across multiple deposits.
South Harz Potash: Growing a responsible potash business in the heart of Germany
www.southharzpotash.com
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- Refer to South Harz ASX release dated 12 July 2022 for full Mineral Resource estimate details. In accordance with ASX Listing Rule 5.23, the Company is not aware of any new information or data that materially affects the information included in this release, and the Company confirms that, to the best of its knowledge, all material assumptions and technical parameters underpinning the estimates in these releases continue to apply and have not materially changed.