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Davenport Resources

Project Info

Company Davenport Resources (ASX:DAV)
Approach / Strategy Seed investment, consolidate ownership
Issued Capital 160 million shares
LBI Holding* 10 million shares

Project Description

Company Description – Davenport Resources (ASX:DAV) holds the largest reserves of Potash in Europe. Deposits are located in the old east Germany and a recently completed scoping study indicated very attractive economics. The company is currently completing an information memorandum to assist in finding a strategic partner, at a time when a number of major mining groups have expressed interest in diversifying into Potash.

Strategy – Davenport is the only listed Australian potash company with an experienced management team. The team is headed by Chris Gilchrist who operated a potash mine in the UK for Anglo American. LBI is assisting Davenport on compiling an information memorandum which will be fundamental in the search for a strategic partner and creating market awareness of its potential.