Highfield Resources' rated a Buy with A$2.30 target from Sydney broker
Highfield has received a Buy rating and a A$2.30 target from Sydney's Foster Stockbroking. Shares in Highfield last traded at $1.75.
Company
Highfield Resources Ltd
ASX:HFR
Highfield Resources Ltd (ASX:HFR) is a potash company that focuses on its flagship low-cost, low-capex Muga Project in Spain. The company’s potash tenements Muga-Vipasca, Pintanos and Sierra del Perdón are in the Ebro potash producing basin in northern Spain, covering an area of around 276 square kilometres. Once in production, the project is forecast to be one of the highest margin potash mines in the world.
149 stories · page 7 of 8
Highfield Resources' Muga mine in lowest cost potash project ranking
A report commissioned by the European project finance banking syndicate, that will look to fund long term project financing, has determined the Muga potash mine is the highest margin potash producer globally. If Muga was in production in 20
Highfield Resources anoints Acciona for Muga Potash mine construction
Anthony Hall, MD, commented: "Acciona’s support is another positive for the project as we move towards commencing construction in the New Year. With Acciona and Iberdrola, who will supply grid electricity, we now have two IBEX 35 comp
Highfield Resources potash to expand as hot drill hits brush deposit’s edge
Highfield Resources has opened the door to further expansion of mine life, reserves and resources at its Muga potash project in Spain, with new drilling results encountering a broad zone of mineralisation on the fringes of the existing mini
Highfield´s tier one potash asset attracts global fertiliser executive
The appointment of former COO of Potash Corporation of Saskatchewan (Market Cap: US$16 billion) to the Highfield Board continues the strong progress made in the fast track development of the Muga potash project.
All Ords ticks higher as this potash play persists
The Australian All Ordinaries extended its recent gains today with a slight increase despite weaker commodity pricing. A subdued day for miners, meanwhile, didn't hold back this promising Spanish potash play.
Highfield Resources grows Muga potash mine life, enhances margins
Development work ahead of construction at Highfield Resources’ Muga potash project in Spain has optimised operational efficiencies, sales, marketing, reserves and overall value, resulting in a doubled mine life. Initial production is
Highfield Resources nears key milestones at Spanish potash giant
Highfield Resources has significantly advanced its Muga potash project in Spain with completion of a community consultation process and a schedule to close financing by the end of the calendar year.
Is the bottom near for resource stocks?
These recent developments in resource investments by PE firms not only suggest that several sectors in industrial-use raw materials may have reached their respective market bottoms, it also suggests a fundamental evolution in mining investm
Highfield Resources adds Pintanos as future potash producer
The company has defined an Exploration Target at the Pintanos of base case 1.04 billion tonnes at 11.5% K2O that demonstrates its project options beyond the flagship Muga Potash Project. Drilling is expected to commence in the fourth quarte
Highfield Resources agrees Muga project financing with European banks
Reflecting the robust DFS projected revenues, the banking syndicate to provide project finance for the Muga mine consists of heavyweights: BNP Paribas S.A., ING Bank N.V., Société Générale Corporate & Investm
Crystal Peak stacks up well against potash peers
Crystal Peak’s planned output of 300,000 tonnes per year from 2020 puts it right up there with the world’s largest.
Highfield Resources adds to potash project pipeline in Spain
Drilling to test exploration targets is expected to commence in Q4 2015. Primary focus remains the flagship Muga Mine, with construction on track to commence in Q4 CY2015.
Elemental Minerals raises $4.98M, to start potash feasibility studies
Elemental Minerals has raised $4.98 million in a private placement, and is well positioned to progress its Kola and Dougou potash deposits. In August, the company will start the BFS for Kola and the PFS for the Dougou.
Highfield Resources adds large exploration target to Muga mine life
The large Exploration Target could add substantial scale and mine life to the already long 24 year mine life at the Muga Project. Construction at Muga is on track to begin in the fourth quarter of 2015.
Highfield Resources drills four more holes at Muga Potash Mine
The drilling aimed to confirm geotechnical conditions for the two proposed decline routes at 100%-owned Muga in northern Spain. Hole J14-13 intersected 53 metres of potash mineralisation with an average grade of 14.5% K20.