South Harz Potash (ASX:SHP) has expanded its Scandinavian critical minerals footprint with the submission of three exploration permit applications for the Torsby West Project in Sweden, through its local partner McKnight Resources AB.
The permits cover 6,300 hectares across a 25-kilometre corridor of structurally controlled copper-gold-cobalt mineralisation, located approximately 40km north of the Glava region.
Torsby West represents South Harz's second district-scale opportunity in a highly prospective yet underexplored iron oxide copper gold terrane, complementing the company’s existing Glava holdings.
The project features multiple historic high-grade copper workings, including mined grades of 7% Cu at the Storgruvan Mine and 5% Cu at Ahlbergsgruvan Mine, as well as 19 historic diamond drillholes available for immediate relogging.
With copper prices having more than doubled over the past decade, the company sees strong potential for rapid target validation at minimal cost.
Torsby West will enhance South Harz's growing Scandinavian portfolio, alongside options to acquire Glava 100 and recent licence applications for Glava 200, Glava 300, and Klinten.
South Harz Executive Chairman Len Jubber said the project offers "an exceptional opportunity to build scale in our Scandinavian copper–gold portfolio," noting the extensive mineralisation, strong structural control, and compelling geophysical anomalies as evidence of a potentially large, continuous IOCG system.
He added that the combination of historic high-grade workings and preserved drill core provides a rapid pathway to refine high-priority targets.