As part of the Company's transport and logistics strategy for the sale of muriate of potash and salt from its Muga Potash Mine ('Muga' or 'the Mine'), Highfield Resources Limited is pleased to announce the signing of an updated non-binding Memorandum of Understanding with the Port Authority of Pasajes.
Under this MOU the Port confirms the availability of sufficient port capacity for up to 700,000 metric tonnes per annum of muriate of potash and salt. Pasajes will facilitate the implementation of the requisite logistics infrastructure and services at port to efficiently attend to Highfield's needs.
The Port also commits to have all facilities for product handling and shipping operational from Muga's Phase 1. The Port of Pasajes, located under 150km north, by road, of the Muga Mine, is the closest port to the Mine site, and is one of the largest commercial ports in the region. With excellent road and rail connections, it currently handles around three million tonnes of dry bulk product annually.
Highfield Resources CEO, Mr Salazar, said: 'The Company is focused on making swift progress towards the construction of Muga and this MOU with the port of Pasajes is another step in that direction. The Port of Pasajes will be a key export terminal for Muga given its proximity to the Mine and will be instrumental for Muga to be a low-cost potash project'
Contact:
Tel: +61 8 8133 5000
Fax: +34 948 050 578
Web: www.highfieldresources.com.au
About Highfield Resources
Highfield Resources is an ASX listed potash company which focuses on the construction of its flagship low cost, low capex Muga Project in Spain having been granted the Mining Concession in July 2021. Muga is a unique project with shallow mineralization, no aquifers above it, therefore no need to build a shaft, great infrastructure already in place in the region, and importantly, located in the heart of a European agricultural region which has a clear deficit in potash supply. Highfield's potash tenements (Muga-Vipasca, Pintanos, and Sierra del Perdon) are located in the Ebro potash producing basin in Northern Spain, covering an area of around 262km2.
(C) 2021 Electronic News Publishing, source ENP Newswire