Junior potash miner ASX-listed Highfield Resources, Pamplona, reports that its wholly-owned Spanish subsidiary, Geoalcali SLU, has signed a nonbinding Memorandum of Understanding (MOU) for the sale of up to 500,000 mt/y of byproduct salt from its flagship Muga Potash Project in Spain to Maxisalt-Pardira Premium SL, Barcelona. Highfield would provide Maxisalt some 400,000 mt of vacuum salt and 100,000 mt of de-icing salt.
Maxisalt is an international distributor of rock, solar, and vacuum salt, the latter of which is used for water treatment, industrial applications, and animal feed. Maxisalt has a diversified network of international clients, with a particular focus on markets located in Spain and France.
Highfield said the Muga mine is planned to commence at a depth of 350 meters from the surface and is ideal for a relatively low-cost conventional mine.