Highfield Resources reconfirms Muga’s compelling economics with feasibility study update

Highfield Resources Ltd (ASX:HFR) has updated the feasibility study (FS) for its Muga-Vipasca Potash Project in Spain after external due diligence was undertaken in the project finance phase and progress was made by the technical team.

In light of global inflationary pressures, the company has raised the capex estimate of the project by about 9% to €662 million, comprising €436 million for phase one and €226 million for phase two.

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