Bell Potter, Research Reports

Speculative Buy val’n $1.23/sh – Resource upgrade lifts tonnes & grade (By Bell Potter)

February 26, 2015

Resource upgrade further de-risks Muga project HFR’s Muga (Spain) potash project JORC resource upgrade has increased measured and indicated ore tonnes by 52% to 239Mt and maintained a grade of 11.3% K2O. The total resource is now 302Mt at 11.5% K2O (previously 268Mt at 11.2% K2O) and includes 232Mt of high grade at 13.5% K2O (previously 154Mt at 12.9% K2O).

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