Highfield Resources Limited · ASX:HFR
Highfield Resources — Investor Presentation (May 2021)
16 slides from Highfield Resources's investor presentation, May 2021
Slide 1: Constructing the Next European Potash Mine
Constructing the Next European Potash Mine Corporate Presentation | May 2021
Slide 2: Competent Persons Statement for Muga Potash Project
COMPETENT PERSONS STATEMENT FOR MUGA POTASH PROJECT This presentation was approved by Mr Ignacio Salazar, CEO 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 Consulting (UK) Limited. D
Slide 3: Highfield Resources and the Muga Project
Highfield Resources and the Muga Project Local Spanish head office and project office with the entire executive team based in Pamplona, near the Muga Project site Muga Mine The flagship Muga Conventional Muga is a two phase A potash developer Project covers about Underground Room project which will
Slide 4: Muga is Moving along the Project Life Cycle
Muga is Moving along the Project Life Cycle Market Promotion Operating Mine Feasibility study released The mine is operating and Orphan period 2.50 Market speculation on timing of generates cash flow. Some risks After initial speculation is over and permitting and financing remain, such as fluctuati
Slide 5: Current Status: Pre-Construction ready
Current Status: Pre-Construction ready • All Mining Concession documentation has been reviewed with no red flags raised Permitting • Mining Concession Document with Government lawyer for final review and signing • This is the final step in the Mining Concession approval process • 15 December 2020: a
Slide 6: Next Steps
Next Steps Tendering and planning construction Pre- Construction Contract with construction partner CONSTRUCTION, Debt credit approval COMMISSIONING & HAND-OVER Financing Finalise equity financing OPERATIONAL READINESS Power Townhall Plant Licences Mine gate
Slide 7: Why Highfield Resources
Resources Highfield Resources
Slide 8: Shallow Mineralization, Conventional Mining, with Tier-One Infrastructure in Place
Shallow Mineralization, Conventional Mining, with Tier-One Infrastructure in Place 350m Decline access to shallow mineralization; underground Room and Pillar mining. No aquifers Close to the Port of Bilbao (~220km), Spain’s largest port First class infrastructure and access to new road systems Natio
Slide 9: Significant Logistical Competitive Advantage
Significant Logistical Competitive Advantage Extremely competitive and versatile export options ~1,750km from mines to port Excellent existing Muga will be one of ~1,700km from mines to port infrastructure only two potash mines located in Southern Europe ~6,800 nautical miles ~8,700 nautical miles L
Slide 10: Top Quartile Margins in the Industry
Top Quartile Margins in the Industry European prices continue to trade at a Margin curve forecast for 2024 (real US$) premium to other markets 400.00 200 350.00 150 300.00 US$/t 100 MOP US$/t 250.00 200.00 50 150.00 0 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 -50 Potash Standard MOP bulk fob Va
Slide 11: Low Capex Intensity and Strong Project Economics
Low Capex Intensity and Strong Project Economics Phase 1 capex of €368 million plus Phase 2 capex of €208 million Muga will be about half the capex intensity per tonne of potash compared to other potash producers 1800 1600 1400 Capex intensity $/t 1200 1000 800 600 400 200 0 BHP (Jansen) Canadian mi
Slide 12: Strong Financial Position and Equity Markets Support
Strong Financial Position and Equity Markets Support EMR Capital, Australian Debt credit of Work ongoing Cash of strong Super, €185 million with A$15.8 supporter and supportive previously Endeavour million as at Highfield’s shareholder approved by financial for 31 March largest with 5% key European
Slide 13: Industry Leading ESG Credentials
Industry Leading ESG Credentials ❖ Environmental compliance and commitment through DIA award Environmental ❖ Progressively rehabilitate mine: Backfilling and salt sales Factors ❖ Muga will be the only mine not to leave residue on the surface after production ❖ Strong local support (+90% of the local
Slide 14: Global Potash Prices on the Move at the Right Time
Global Potash Prices on the Move at the Right Time Strong market fundamentals Upward price forecasts Soybean prices are the highest in 5 years 02 10 525 02 08 Billion 06 485 Billions of tonnes 01 04 01 445 US$/t 02 00 00 405 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022
Slide 15: An Investment Opportunity in the Next Major European Potash Mine
An Investment Opportunity in the Next Major European Potash Mine Muga Potash Mine Highfield Resources Strong market fundamentals Strong financial position and Global potash prices on the move financial markets support Location is a major strategic advantage Experienced Management and Shallow mineral
Slide 16: 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 Ignacio Salazar CEO T: +34 948 050 577 Olivier Vadillo Investor Relations T: +34 609 811 257 www.highfield
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