Highbank Resources Ltd. provided earnings guidance for the fiscal year 2015. For the period, the company projects a pre-tax profit in its first year production at SPN of $11 million on projected gross revenues of $27 million. The company would be required to make application to expand its existing mine permit during that period.

The company's SPN project is expected to have a CAPEX of less than $8 million to access a CAD 2 billion.