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Highfield Resources Ltd.
Summary
| Project: | Muga | |
|---|---|---|
| Deposit: | Muga | |
| Location: | Spain | |
| Commodities: | Potash | |
| Date: | 6/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-6-2016: Highfield Resources Ltd. announces a Scoping Study report for its Muga deposit at the Muga project. Scoping study results for a staged 500000t per annum SOP operation using the Mannheim process. Spanish potash developer, Highfield Resources (AS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Spanish potash developer, Highfield Resources (ASX: HFR) (“Highfield” or “the Company”), is pleased to announce it has completed a Study (the “Study”) for a staged 500,000 tonnes per annum Sulphate of Potash (“SOP”) operation using the technically proven Mannheim process to convert 430,000 tonnes per annum of MOP from the Muga Potash Mine into SOP. As the approvals process nears completion for Highfield’s Muga Potash Mine in Spain, the Company has commenced evaluating downstream options to enhance margins and diversify its product offering. The Study considers the option of converting around 40% of the MOP from the Muga Potash Mine to SOP noting the Company has an additional four MOP projects that appear to exhibit similar characteristics to the Muga Potash Mine. SOP is a low-chloride fertiliser that has typically enjoyed a premium price relative to MOP. SOP has a lower K2O content (c. 50% vs. 60% for MOP), but it also has significant sulphur content. It is used for higher value chlorine intolerant crops such as soft fruits, vegetables, turf, and tobacco. The Company reviewed and conducted trade-off analysis on a number of potential technologies to produce SOP from MOP including ion exchange and crystallisation technologies. Due to its low technical risk, capital cost, and well understood operating cost profile, the Company selected the Mannheim process as its preferred processing route. | |
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