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ASX-listed potash company Highfield Resources Ltd (ASX:HFR) welcomes experienced resources and industrial minerals senior executive Luke Anderson as a non-executive director with the appointment effective today.
A qualified chartered accountant, Anderson has more than 25 years of experience in executive management, corporate development, corporate treasury, financial management and financial services roles in major international resource and transport companies across Australia and the US.
He also has extensive experience in business development in the resources sector.
“Highly relevant”
Chairman Paul Harris said: "We are delighted to have Luke joining the board. His experience in transport and logistics as well as industrial mineral operations is highly relevant for the company and its development of the Muga project.”
Most recently Anderson was the CEO of One Rail Australia (previously Genesee & Wyoming (NYSE:GWR) Australia), the third largest rail freight operator in Australia which owned and operated more than 3,200 kilometres of rail track.
Anderson was also president and CEO of Unimin Corporation, the largest industrial minerals mining company in North America, generating revenues in excess of US$1.3 billion from its 42 operations in the US, Canada and Mexico.
He also has a range of project development experiences which include being the CFO of Oz Minerals while it was developing its Carrapateena Project in South Australia.
About Muga
Highfield Resources is focusing on the construction of its flagship low-cost, low-capex Muga Potash Project in Spain having now received all permits and key licences needed.
The Mining Concession was granted in July 2021, the ramp construction licence in Aragón in June 2022 and the process plant construction licence in Navarra in March 2023.
Following the finalisation of the initial site preparatory work of the mine gate and decline area, full-scale construction is expected to begin during the second half of 2023.
Location of the Muga-Vipasca, Pintanos and Sierra del Perdón tenements in northern Spain.
A unique project
Muga is a unique project – with shallow mineralisation with no aquifers above it there is no need to build a shaft.
There is quality and readily accessible infrastructure already in place in the region and importantly, the Muga Project is in the heart of a European agricultural region which has a clear deficit in potash supply.
In addition to Muga’s secure southern European location, since February 2022 events in Russia and Belarus have heightened the awareness of the strategic value of the Muga Project for Spain and the European Union.
Highfield’s potash tenements (Muga-Vipasca, Pintanos, and Sierra del Perdón) are in the Ebro potash-producing basin in northern Spain, covering an area of around 250 square kilometres.