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Highfield Resources Provides Quarterly Activities Report

18 Jul 2017  |  10:05:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

Highfield Resources provided quarterly activities report. During the quarter, the Company continued its dialogue with its Project Finance syndicate with respect to the EUR185m facility for Muga. It also engaged with other potential providers of capital. As at 30 June 2017, the Company had A$69.6m in cash on its balance sheet. A recent initiative has been the appointment of Spanish advisors to both the Company and its local subsidiary, Geoalcali. These individuals are respected Spanish nationals who are able to provide insight to the Company as it seeks to cement Muga as a worthy and sustainable enterprise in the Navarra and Aragon Provinces of Spain. The Company has an additional 100%-owned project in the basin known as Izaga.

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