Muga Project to Make Highfield Resources the Lowest Cost Potash Producer

Mining Weekly reported that an independent report from Argus FMB has found that Highfield Resources’s (ASX:HFR) Muga project in Spain is expected to help position the company as the highest margin potash producer in the world.
As quoted in the publication:

A 2015 optimised definitive feasibility study estimated that the Muga project could deliver more than one-million tonnes a year of granular potash, over a mine life of 47 years.
The project was estimated to have a net present value of $1.46-billion, with a Phase 1 capital expenditure of €267-million.

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