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Highfield Resources buoyed as Navarra president states project will be important for economic recovery

Published: 04:32 19 Jul 2021 BST

Highfield Resources Ltd - Highfield Resources buoyed as Navarra president states project will be important for economic recovery
President of Navarra Maria Chivite at the Muga mine-site event on July 16, 2021.

Highfield Resources Ltd (ASX:HFR) welcomes a statement by Navarra region president Maria Chivite that its Muga Potash Project in northern Spain is sustainable and important for the region’s economic recovery.

Ms Chivite attended an official event at the Muga Mine site on July 16, 2021, following the receipt of the Mining Concession.

The Navarra president was accompanied by representatives from the authorities in Navarra and Aragón, as well as from the local community and town halls in the Muga area.

Also present to commemorate the award of the concessions for the Muga project were representatives of political parties in the region.

“Reactivate the area”

Ms Chivite said: “[The project] is robust thanks to the different administrative procedures that Muga has gone through until the Mining Concession.”

She recalled that this project “has been subject to numerous and rigorous processes, taking into account the participation of a large number of organisations and incorporating improvements, including two periods of public consultation and an exhaustive process of citizen participation, resulting in a sustainable and important project for the economic recovery of the region.

“Muga will be a project that will provide an important boost for job creation and will be an effective instrument in the fight against depopulation, creating quality employment, which will reactivate the area.”

Readily accessible infrastructure

Highfield Resources is a potash company focusing on the construction of its flagship low-cost, low-capex Muga Project in Spain having been granted the Mining Concession in July 2021

Muga is a unique project with shallow mineralisation. With no aquifers above the mineralisation, there is no need to build a shaft and there is quality and readily accessible infrastructure already in place in the region.

Importantly, the Muga project is in the heart of a European agricultural region that has a clear deficit in potash supply.

Highfield’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 262 square kilometres.

“Deliver great benefits”

Highfield Resources CEO Ignacio Salazar said: “On behalf of the company and all its staff, I would like to thank the president of Navarra and the administrations and representatives of Navarra and Aragón for all the support received to achieve this significant milestone and for their participation in this event at the Muga mine site.

“Muga is a unique project and has the potential to deliver great benefits to all our stakeholders.

“Our firm commitment to them and to all the community which supports us is to make the Muga Project a reality.”

- Ephrems Joseph

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on 30/6/22