Highfield Resources welcomes Spanish maiden

THE DRILL SERGEANT: Highfield Resources (ASX: HFR) has reported a maiden JORC Inferred Mineral Resource estimate for the company’s 100 per cent-owned Javier potash project in Northern Spain.

The independently-prepared JORC Code-compliant Inferred Mineral Resource estimate has come in at 163.2 million tonnes of sylvinite at 10.9 per cent potassium oxide (17.3 per cent potassium chloride).
 

Highfield said it considers there to be further potential upside for Javier claiming the JORC Mineral Resource estimate represents a fraction of the total Exploration Target of 250 to 400 million tonnes of sylvinite ranging in grade between nine per cent and 12 per cent potassium oxide.

 

Javier Inferred Mineral Resource and Exploration Target areas. Source: Company announcement

 

“The maiden JORC Mineral Resource estimate is an important milestone in the development of the company’s potash projects and demonstrates a real mining opportunity at Javier,” Highfield Resources managing director Anthony Hall said in the company’s announcement to the Australian Securities Exchange.
 
“We are highly encouraged by the initial resource, especially as it only encompasses a small portion of the Exploration Target area.

“We expect the current drilling at Javier to increase the resource, which will ultimately be reflected in any mining studies.”

Highfield added that it expects to present JORC Code-compliant Mineral Resource estimates for its two additional 100 per cent-owned Spanish potash projects, Sierra del Perdón and Pintano over the coming months.