Tues 8th OctHighfield Resources (ASX: HFR) has delivered a...

Tues 8th Oct
Highfield Resources (ASX: HFR) has delivered a maiden Inferred JORC Resource of 163.2 million tonnes of sylvinite at 10.9% K2O (17.3% KCl) from its wholly-owned Javier Potash Project in Spain.
This is based on historical drilling and is likely to be increased by the company’s current infill and step-out drilling, which is designed to upgrade and expand the resource.
“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,” managing director Anthony Hall said.
“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.”
The company expects to present additional JORC Code compliant Mineral Resource estimates for its wholly-owned Sierra del Perdón and Pintano potash projects in Spain over the coming months.
It has also secured approval from the Navarra and Aragon regions for the Fronterizo permit. The permit is expected to be issued by the central Government this month.

Highfield resources is currently sitting at 41c with 119mill shares approx. on issue

The Colluli Potash Project has a current JORC/NI43-101 Compliant Measured, Indicated and Inferred Mineral Resource Estimate of 1,079.00Mt @ 17.97% KCl or 11.35% K2O (total contained potash of 194.09Mt KCl or 122.61Mt K2O). The resource contains 261.81Mt @ 17.94% KCl or 11.33% K2O of Measured Resources, 674.48Mt @ 17.98% KCl or 11.36% K2O of Indicated Resources and 143.50Mt @ 18.00% KCl or 11.37% K2O of Inferred Resources. The current Mineral Resource Estimate is included in the current exploration target of 1.25 – 1.75 billion tonnes @18-20% KCl. The potential quantity and grade of the total current exploration target which includes the current Mineral Resource Estimate is conceptual in nature and there has been insufficient exploration to define a Mineral Resource other than the current Mineral Resource Estimate and it is uncertain if further expl oration will result in the determination of a Mineral Resource Estimate other than the current Mineral Resource Estimate.
South boulder has 128mill shares approx. on issue.
Doesn't make a lot of sense does it?
Good luck all