Highfield Resources Limited

HFR

AU000000HFR1

Agricultural Chemicals

Market Closed - Australian S.E. Other stock markets 02:10:05 2024-04-29 am EDT			5-day change	1st Jan Change
0.3 ^AUD	0.00%		-4.76%	-9.09%

Mar. 26	Highfield Resources Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 18	Highfield Resources Limited(ASX:HFR) dropped from S&P/ASX All Ordinaries Index	CI

Highfield Resources : Annual Report 2023

April 04, 2023 at 09:08 am EDT

Annual Report

31 December

2022

highfieldresources.com.au

HIGHFIELD RESOURCES LIMITED

ABN 51 153 918 257

Contents

Page

Corporate Directory	2
Chairman's Letter	4
Chief Executive Officer's Letter	6
Sustainability Report	9
CEO Letter	10
About this Report	12
ESG Focus	14
Planning	18
Our Company	20
Unflagging commitment with our community	31
Caring for the Environment	43
Caring for Our People	44
Directors' Report	47
Directors	48
Board Committees	52
Interests in the Securities of the Company	53
Results of Operations and Finance Review	53
Dividends	54
Risk Management	54
Corporate Structure	56
Nature of Operations and Principal Activities	56
Review of Operations	58
Geoalcali Foundation	64
Corporate	64
Annual Review of Ore Reserves and Mineral Resources	65
Corporate Governance - Resource and Reserve Estimation and Reporting ....	69
Significant Changes in the State of Affairs	69
Significant Events After the Reporting Date	69
Likely Developments and Expected Results of Operations	69
Environmental Regulations and Performance	69
Share Options	70
Indemnification and Insurance of Directors and Officers	70
Directors' Meetings	70
Proceedings on Behalf of the Company	71
Corporate Governance	71
Auditor Independence and Non-Audit Services	71
Audited Remuneration Report	71
End of Audited Remuneration Report	83
Financial Report	85
Consolidated Statement of Profit or Loss and Other Comprehensive Income..86
Consolidated Statement of Financial Position	87
Consolidated Statement of Changes in Equity	88
Consolidated Statement of Cash Flows	89
Notes to the Consolidated Financial Statements	90
Directors' Declaration	118
Auditor's Independence Declaration	120
Independent Auditor's Report	121
ASX Additional Information	127

Highfield Resources Limited	1
31 December 2022 \| Annual Report to Shareholders

Corporate Directory

Directors

Mr. Paul Harris

Independent Non-Executive Chairman

Mr. Ignacio Salazar

CEO and Managing Director

Ms. Pauline Carr

Independent Non-Executive Director

Mr. Roger Davey

Independent Non-Executive Director

Mr. Brian Jamieson

Non-Executive Director

Company Secretary

Ms. Katelyn Adams

2	Highfield Resources Limited
31 December 2022 \| Annual Report to Shareholders

Registered Office & Principal Place of Business

169 Fullarton Road DULWICH, SA 5065

Telephone +61 8 8133 5000

Facsimile +61 8 8431 3502

Website highfieldresources.com.au

Share Registry

Advanced Share Registry Pty Ltd

110 Stirling Highway

NEDLANDS, WA 6009

Telephone +61 8 9389 8033

Facsimile +61 8 9389 7871

Auditor

Pricewaterhouse Coopers

Level 11/70 Franklin Street

ADELAIDE, SA 5000

Telephone +61 8 8218 7000

Facsimile +61 8 8218 7999

Stock Exchange

Australian Securities Exchange

(Home Exchange: Perth, Western Australia)

ASX Code HFR

Highfield Resources Limited	3
31 December 2022 \| Annual Report to Shareholders

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Disclaimer

Highfield Resources Limited published this content on 04 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2023 13:07:13 UTC.

Latest news about Highfield Resources Limited

Highfield Resources Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 26	CI
Highfield Resources Limited(ASX:HFR) dropped from S&P/ASX All Ordinaries Index	Mar. 17	CI
Highfield Resources Limited(ASX:HFR) dropped from S&P/ASX Emerging Companies Index	Mar. 17	CI
Highfield Resources Signs Construction Contract for Muga-Vipasca Project in Spain	Mar. 11	MT
Transcript : Highfield Resources Limited - Shareholder/Analyst Call	Feb. 09
Highfield Resources Secures $6 Million Funding to Progress Muga Potash Mine	Dec. 22	MT
Highfield Resources Limited announced that it has received funding from Emr Capital Management Limited, Tectonic Investment Management and other investor	Dec. 21	CI
Highfield Resources Signs Salt Offtake Agreement with Maxisalt; Shares Jump 12%	Oct. 31	MT
Highfield Resources Limited Appoints Luke Anderson to the Board, Effective 13 September 2023	23-09-12	CI
Highfield Resources Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-11	CI
Highfield Resources Limited Announces the Demise of Brian Jamieson, Board Member	23-08-10	CI
Highfield Resources Secures Land to Build Muga Potash Mine in Spain	23-06-27	MT
Transcript : Highfield Resources Limited - Shareholder/Analyst Call	23-06-21
Transcript : Highfield Resources Limited - Shareholder/Analyst Call	23-05-30
Highfield Resources Secures AU$25 Million Investment; Shares Up 5%	23-05-23	MT
Highfield Resources Limited announced that it expects to receive AUD 25 million in funding from Tectonic Investment Management, EMR Capital Pty. Ltd.	23-05-21	CI
Highfield Appoints Carles Aleman as Head of Plant Construction & HSE for Muga, Effective from 15 May 2023	23-05-09	CI
Highfield Resources Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-30	CI
Highfield Resources Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-30	CI
Easing Monthly Inflation Extends Rise of Australian Shares	23-03-29	MT
Highfield Resources Secures Remaining License for Process Plant in Spain; Shares Jump 23%	23-03-29	MT
Highfield Resources Limited Announces Construction Licence Granted for Muga Mine Process Plant	23-03-28	CI
Highfield Resources Limited(ASX:HFR) added to S&P/ASX All Ordinaries Index	23-03-19	CI
Highfield Resources Signs Loan Facility Documentation for Muga Project in Spain	22-12-26	MT
Highfield Resources Limited Signs Definitive Documentation for EUR 320.6 Million Senior Secured Project Financing for Muga	22-12-22	CI

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Company Profile

Highfield Resources Limited (Highfield) is an Australia-based company engaged in mineral exploration. The Company has around four potash projects. The Company's Muga, Vipasca, Izaga, Pintanos and Sierra del Perdon potash projects are located in the Ebro potash producing basin in northern Spain covering a project area of over 550 square kilometers. The Muga project targets the shallow sylvinite beds to the south east of the project area. The Muga project is located approximately 50 kilometers to the southeast of Pamplona. The Sierra del Perdon project is located approximately 10 kilometers from Pamplona. The Vipasca project area includes the Vipasca permit, the Borneau permit and the Osquia permit. The Pintanos project covers an area of around 125 square kilometers abutting the Muga-Vipasca project. The Izaga project is located in a syncline structure abutting the northern extent of the expanded Vipasca project.

Sector

Agricultural Chemicals

Calendar

2024-09-10 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.3 AUD

Average target price

1.21 AUD

Spread / Average Target

+303.33%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Other Agricultural Chemicals

Highfield Resources Limited

Equities

HFR

AU000000HFR1

Agricultural Chemicals

Highfield Resources : Annual Report 2023

Latest news about Highfield Resources Limited

Chart Highfield Resources Limited

Company Profile

Income Statement Evolution

Analysts' Consensus

EPS Revisions

Annual profits - Rate of surprise

Sector Other Agricultural Chemicals