Highfield Resources Ltd (ASX:HFR) is making great progress at the Muga Potash Mine in Spain with the construction work ahead of schedule and progressing in accordance with the planned budget.
Progress by the construction team has been assisted by favourable dry weather conditions as well as good equipment availability.
Out of the gates
Highfield announced on June 30 that the Townhall of Undués de Lerda in Aragón had issued the licence for the construction of the mine gate and declines, and that construction was underway.
From that point, initial construction work progressed rapidly through July and August.
The company has made good progress on construction of the box cut, slope and mine gate, site fencing and stream protection, as well as the establishment of staff facilities.
View of the box cut from the top of the slope of the mine gate – staff facilities are at the top right.
“The grant of the licence in Undués in June has been critical to start work around the mine gate and to take advantage of the dry summer months to progress construction," CEO Ignacio Salazar said.
“We are currently ahead of schedule. All this preliminary work will prove instrumental as we move into the bulk of the construction in the ramps and in the plant.
“In parallel, the focus for the company remains on advancing both the licence in Navarra and discussions with strategic investors while we reach the final stage of negotiations of the project financing package with the banks.”
Next steps
Once the excavation of the bottom level of the mine gate area is completed, the slopes will be stabilised with bolts and dry shotcrete through September and October.
The company expects to complete all of the preliminary works around the mine gate during the last quarter of this year.
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