South Harz Potash Ltd (ASX:SHP) has tapped Seamus Cornelius to become a non-executive director on the company’s board, bringing extensive legal and commercial experience in cross-border transactions.
Cornelius has been the executive chair of Danakali Ltd since 2013, leading the advancement of the company’s 50% interest in the Colluli Potash Project in Eritrea.
Under his leadership, the project completed progressive feasibility studies, environmental impact assessments and regulatory approvals before being sold to Sichuan Road and Bridge Group Co Ltd in early 2023 for US$166 million in total cash consideration.
He was previously a partner of one of Australia’s leading international law firms and has extensive experience in the resources and finance sectors.
"Proven track record"
“I am delighted to welcome Seamus to the South Harz team,” South Harz Potash non-executive chair Ian Farmer said.
“His commercial expertise and proven track record in stewarding resource development assets through to successful value realisation will be valuable as we continue to advance our world-class Ohmgebirge Potash Development in central Germany.”
Cornelius holds several other executive positions at present; he occupies the role of non-executive chair of Buxton Resources Ltd, Element 25 Ltd, and Duketon Mining Ltd and serves as a non-executive director for First Tin PLC.
The South Harz Project hosts a large-scale potash mineral resource estimate of 5 billion tonnes at 10.6% potassium (K2O) of inferred resources and 258 million tonnes at 13.5% K2O of indicated resources across four wholly-owned project areas within central Europe.
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