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Highfield Resources Limited (ASX:HFR) has signed a contract for construction of the declines and underground mining infrastructure at the Muga-Vipasca #Potash Project in Spain. This contract has been awarded to the joint venture (JV) formed by mining specialist contractors EPOS-Empresa Portuguesa de Obras Subterráneas S.A. of Portugal and TUNELAN-Obras Subterráneas S.A. of Spain (EPOS-TUNELAN). The value of the decline contract is €48 million and is aligned to the estimated construction cost of the declines included in the Updated Muga Feasibility Study of November 7, 2023. This amount represents 11% of the phase 1 capex of €449 million and just under a third of the total planned contract construction budget. More at #Proactive #ProactiveInvestors #ASX #HFR #Fertiliser #SulphateofPotash #IndustrialMinerals http://ow.ly/pL29105lxbz

Highfield Resources awards contract for declines and underground infrastructure at Muga

Highfield Resources awards contract for declines and underground infrastructure at Muga

proactiveinvestors.com.au

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