Highfield Resources Limited · ASX:HFR
Highfield Resources — Shareholder Meeting (May 2020)
14 slides from Highfield Resources's shareholder meeting presentation, May 27, 2020
Slide 1: AGM presentation
Developing the World Class Spanish Muga Potash Mine in the Heart of a European Intensive Agricultural Region AGM presentation May 2020 ASX: HFR
Slide 2: Competent Persons Statement for Muga Potash Project
COMPETENT PERSONS STATEMENT FOR MUGA POTASH PROJECT This presentation was approved by Mr Richard Crookes, Acting CEO and Chairman of Highfield Resources. The information in this presentation that relates to Ore Reserves is based on information prepared by Dr Mike Armitage, the Chairman of SRK Consul
Slide 3: Why Highfield Resources?
Why Highfield Resources? FIVE-STAR LOCATION POTASH, A KEY STRONG ESG FOCUS COMMODITY Low environmental footprint, Close proximity to An important global commodity supportive local and Power and water premium European with predictable and strong regional stakeholder groups, permits markets & well pos
Slide 4: An Outstanding Location
An Outstanding Location • Muga Mine will be a high margin potash mine located favourably for premium local Southern European market and international export, in a commodity vital to sustaining food supply to a growing global population Muga Mine Muga will be one of only two potash mines located in S
Slide 5: Highfield Covid-19 Business Continuity Plan
Highfield Covid-19 Business Continuity Plan Covid-19 response • Highfield acted quickly and implemented a business continuity plan in mid-March, shortly before the Government of Spain declared the State of Alert. • The Company’s primary focus is the safety and wellbeing of all employees and stakehol
Slide 6: The Timeline to Construction Remains Unchanged
The Timeline to Construction Remains Unchanged All regulatory bodies which are engaged in the Mining Concession process have already given their support to the project Mining Concession Two documentation construction Positive submitted in Q1 permits Construction Environmental 2020 Estimated to begin
Slide 7: Recent Milestones
Recent Milestones Corporate • Mining Concession documentation submitted in March 2020 • New Spanish CEO appointed, Ignacio Salazar Sales and Marketing • Two potash MoUs with two large Swiss agri-traders, Ameropa and Keytrade • Salt MoU agreement signed with Maxisalt for 500,000 tpa Design and engine
Slide 8: New CEO Appointed
New CEO Appointed Highfield has appointed experienced international mining executive Ignacio Salazar to join the group as CEO from July 2020. He has over 30 years experience, most of which have been in the resources sector. His outstanding international career includes 18 years working with Royal Du
Slide 9: Potash Demand Steadily Increasing
Potash Demand Steadily Increasing Compound Annual Growth Rate (2012-2019): ~3% 80,000 70,000 60,000 tonnes of KCl per annum 50,000 40,000 30,000 20,000 10,000 0 2012 2013 2014 2015 2016 2017 2018 2019 China North America Other Asia (ex China) Brazil India Europe CIS Other Latin America Africa Oceani
Slide 10: Potential Sales Strategy
Potential Sales Strategy MOP sales (pa) Wider Europe: Salt sales (pa) • ~250-300 kt MOP • ~200-250 kt salt US East Coast: Local: • ~50 kt MOP • ~450-500 kt MOP • ~200-250 kt salt • ~400-500 kt salt Africa: • ~50 kt MOP South America: • ~200-250 kt MOP Potash MOUs signed ✓ Sales & Marketing Strategy
Slide 11: Muga's Competitive Position Against Global Peers
Muga’s Competitive Position Against Global Peers FOB cost curve forecast for 2024 (real US$) 350 Project enhancements have significantly • European prices continue to trade at a premium to 300 improved the C1 FOB cost moving the mine down the cost curve other markets even during COVID-19 disruption
Slide 12: ESG is a Key Area of Focus for Highfield Resources
ESG is a Key Area of Focus for Highfield Resources UN Global Compact In 2020, Geoalcali was admitted as a signatory to the United Nations (“UN”) Global Compact initiative, which is the largest corporate sustainability movement in the world Certificates award Member of Ecodes’ Climate Action Initiati
Slide 13: Highfield Continues to be a Very Attractive Investment
Highfield Continues to be a Very Attractive Investment Muga Potash Mine Highfield Resources Potentially one of the highest margin Experienced and capable management potash mines globally team Low capex intensity per tonne of Strong board with global mining potash compared to other potash industry ex
Slide 14: Registered Office and Further Information
REGISTERED OFFICE 169 Fullarton Road Dulwich SA 5065 Australia SPAIN HEAD OFFICE Avenida Carlos III, 13-15, 1B, 31002 Pamplona, Spain T: +34 948 050 577 | F: +34 948 050 578 FURTHER INFORMATION Richard Crookes Chairman T: +34 636 758 843 Olivier Vadillo Investor Relations T: +34 609 811 257 www.high