Highfield Resources awarded the EPOS-TUNELAN joint venture a €48 million ($79.3 million) construction contract for the Muga Potash Project's declines and underground infrastructure.

This represents 11% of the €449 million ($742 million) Phase 1 capital expenditure and aligns with the updated Muga feasibility study estimates.

Pending final funding and investment decisions are expected in the first half. The contract includes the creation of two 2.6km declines.