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Highfield Resources reconfirms compelling Muga Potash Project economics with feasibility study update: €1.82 billion NPV

November 8, 2023

Highfield Resources Ltd (ASX:HFR) has reconfirmed the compelling economics of the Muga-Vipasca Potash Project in northern Spain in a 2023 update to its feasibility study (FS).

The update outlined the project’s “outstanding economics”, including a net present value (NPV8) of €1.82 billion ($3.03 billion), a post-tax internal rate of return of 24% and annual EBITDA of around €340 million ($565 million) at full production.

With a 30-year life of mine, production is planned over two phases to produce up to 1 million tonnes per annum of muriate of potash (MOP).

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