Highfield Resources focused on developing world-class Muga Potash Mine in Spain

Highfield Resources Ltd (ASX:HFR) (FRA:23H) is confident that its Muga Potash Mine in Spain is in a five-star location, close to premium European agricultural markets.

The mine will produce one million tonnes of muriate of potash (MOP) comprising a mix of granular and standard K60 MOP, as well as producing one million tonnes of salt per year as a by-product.

Phase one of production will be for 500,000 tonnes of MOP with an additional 500,000 tonnes for the second phase.*Well-positioned*

Muga will have access to excellent existing infrastructure with product able to be trucked directly to customers in France and Spain - a competitive cost advantage considering there are no European import duties to other EU countries.

The project is also well-positioned to cater for the Brazilian market, with low freight costs providing a logistical advantage over other MOP producers.