Highfield Resources Ltd (HFR): Buy (Speculative) TP$1.15/sh – December 2014 quarterly report (by Bell Potter)

Highfield Resources Ltd (HFR) December 2014 quarterly report

Muga project progresses with DFS due this quarter

HFR further progressed its Muga potash project during the December 2014 quarter, including: lodging a Mining Concession application; signing Memoranda of Understanding (MOU) with two Atlantic ports; and completing final drilling and assays as inputs for the definitive feasibility study (DFS).

An updated JORC resource estimate and a DFS are scheduled for completion in the current quarter.

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