Highfield Recourses Announces Completion of DFS Report for Muga Potash Mine

Agriculture Investing

Highfield Resources Limited (ASX:HFR) announced the completion of the Definitive Feasibility Study (“DFS”) for its 100% owned Muga Potash Project.

As quoted in the press release,

The DFS is based on extracting 138m tonnes of the sylvinite Ore Reserve at an average grade of 12.75% K2O. The 138m tonnes was taken from the total Ore Reserve of 146m tonnes of sylvinite at an average grade of 12.73% K2O calculated by independent Spanish based onsultants Consultores Independientes en Gestión de Recursos Naturales SA (“CRN”).Importantly,CRN is highly experienced with Spanish potash mining.

Highfield’s Managing Director Anthony Hall stated:

The DFS builds on a compelling pre-feasibility study and reconfirms Muga ́s potential to be a very low capex, high margin potash mine. We believe Muga has the potential to be the highest margin potash mine globally in production and this is very exciting for everyone involved with the Company.

Click here for the full Highfield Resources Limited (ASX:HFR) press release