DAV
Director Trades
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Company News
Davenport Resources ends March quarter a step closer to drilling at Ohmgebirge potash project
A string of operational and corporate highlights have formed the basis of the latest quarterly report from potash exploration and development company Davenport Resources (ASX: DAV). The company said the three months to end March has seen it make significant headway in achieving its goals for the year, finalising access agreements with landowners and tenants for […]
Former Bannerman head Len Jubber joins Davenport Resources to advance German potash projects
Emerging potash producer Davenport Resources (ASX: DAV) has appointed Len Jubber to its board as non-executive director to replace Robert Van der Laan. Mr Jubber’s career in mining spans more than 30 years’ where he has built a “wealth” of technical, commercial and corporate experience. Officially a civil engineer with an MBA from the University […]
Davenport Resources raises $10m for German potash, balance sheet strongest ever
Institutional and sophisticated investors along with existing shareholders have injected a fresh $10 million into Davenport Resources (ASX: DAV), with the company claiming the “ambitious” raising places it “in its strongest financial position to date”. Directors and new investors also contributed to the raising. Davenport says its balance sheet has been strengthened to enable the […]
Davenport Resources poised to benefit as potash prices show signs of recovery
When food prices rise, farmers can afford more fertiliser. That, in turn, leads to higher prices for, and bigger sales of, fertiliser feedstock. One of those, potash, is now showing signs of entering an upward part of the price cycle. With signs that muriate of potash (MoP) prices are on the up, explorer Davenport Resources […]
Demand for food forecast to rise creating a growing market for potash fertilisers
With the global population predicted to reach 9 billion by 2050, the world is facing mounting demand for food, which will place further pressure on growers to have high yielding and nutrient-rich crops. Adding to the problem is an expected reduction in arable land per person. In 1960, arable land was 4,500 square metres per […]
Davenport Resources reveals large magnesium sulphate resource in Germany
Davenport Resources (ASX: DAV) has announced a large JORC resource of the fertiliser nutrient magnesium sulphate at its Nohra-Elende potash project in Germany. Reviews of 300 historical drill holes has underpinned an inferred resource of 768 million tonnes at an average magnesium sulphate grade of 8.1%. The magnesium sulphate is contained within the mineral kieserite […]
Davenport Resources brings UK mining executive Ian Farmer in as chairman
Davenport Resources (ASX: DAV) is continuing its board restructure by appointing former Lonmin executive Ian Farmer to take the chair. Mr Farmer, who is based in the United Kingdom, served between 2008 and 2012 as chief executive officer of Lonmin, the world’s third largest platinum miner. Before holding that position, he was chief strategy officer […]
Davenport Resources ready to advance European potash projects
Potash developer Davenport Resources (ASX: DAV) has posted a successful three-month period to June, underpinned by $1.29 million in capital raisings. In April, the company announced it had received firm commitments from sophisticated investors for a placement of 8.4 million shares at $0.05 per share. The price represented a 33% premium to Davenport’s last traded […]
Davenport Resources strengthens cash reserves, appoints Deloitte as financial adviser
Aspiring potash miner Davenport Resources (ASX: DAV) has strengthened its cash reserves with a $750,000 share purchase plan, and is a step closer to advancing its development plans after appointing Deloitte Corporate Finance as its financial adviser to assist with locking-in strategic partners to bring its German potash projects online. As part of its appointment, […]
Davenport gets placement away at heavy premium to progress Western Europe’s largest potash inventory
Davenport Resources (ASX: DAV) has raised $420,000 before costs with a placement of 8.4 million shares to continue work on its four South Harz projects located in a historic German potash district located in the former East Germany. The placement to sophisticated investors at $0.05 per share represented a 43% premium to Davenport’s last traded […]
