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    HFR   AU000000HFR1

HIGHFIELD RESOURCES LIMITED

(HFR)
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Delayed Australian Stock Exchange  -  08:33 2022-08-15 pm EDT
0.9800 AUD   +3.16%
07/01Government of Navarra Launches Muga Community Initiative Near Highfield Resources' Muga Potash Mine in Spain
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06/23Highfield Resources Secures Construction License for Muga Project in Spain; Shares Surge 26%
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Highfield Resources : Muga Project, Mining Concession Documentation Submitted

03/16/2020 | 09:54am EDT

Highfield Resources (ASX: HFR) ('Highfield' or 'the Company') is pleased to announce that after extensive engagement with the relevant mining authorities in Madrid, Aragon and Navarra the Company submitted the Mining Concession documentation on 13 March 2020 Spanish daytime (after market close in Australia) for its flagship Muga Project ('Muga' or 'the Project').

The Company worked closely with the key stakeholders to ensure that all aspects of the submission were prepared to the satisfaction of the authorities. This recent work was key to ensure the documentation submitted is both robust and comprehensive with the aim of assisting a smoother approval process. The Company will continue to work collaboratively with the relevant authorities to expedite the process for finalising the issuance of the Mining Concession.

During the fourth quarter of 2019, Highfield submitted the requisite power and water permits for Muga and work remains ongoing to obtain the outstanding permits required to commence construction.

Highfield Resources' Chairman Richard Crookes said: 'Since receiving the environmental approval for the Muga Project in 2019, Highfield has been working closely with the authorities to ensure that the Mining Concession documentation has been prepared in accordance with the conditions stipulated. With this submission the Company continues to de-risk the Project and advance ever closer to construction.'

Contact:

Richard Crookes

Tel: +34 636 758 843

About Highfield Resources

Highfield Resources is an ASX listed potash company with three 100% owned tenement areas located in Spain. Highfield's Muga-Vipasca, Pintanos, and Sierra del Perdon potash tenement areas are located in the Ebro potash producing basin in Northern Spain, covering an area of around 277km2 . Following the granting of a positive environmental permit in 2019 Highfield has now submitted the Mining Concession and is continuing to work on the relevant construction permits necessary to take the Project into the construction phase.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 - - -
Net income 2022 -2,77 M - -
Net Debt 2022 29,8 M - -
P/E ratio 2022 -106x
Yield 2022 -
Capitalization 244 M 244 M -
EV / Sales 2022 -
EV / Sales 2023 -
Nbr of Employees 30
Free-Float 70,7%
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Number of Analysts 1
Last Close Price 0,95 AUD
Average target price 1,68 AUD
Spread / Average Target 76,8%
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Managers and Directors
Pedro Ignacio Salazar Chief Executive Officer, MD & Director
Javier Aguado Chief Financial Officer
Paul Andrew Harris Chairman
Pauline F. Carr Independent Non-Executive Director
Roger Owen Davey Independent Non-Executive Director
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