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Highfield Resources Appoints Owen Hegarty As A Director

Highfield Resources (ASX: HFR) has appointed Owen Hegarty as non-executive director after EMR Capital became Highfield's largest shareholder and cornerstone investor with a 19.9% stake.

Highfield has been a sharemarket star over the past four months, its share price rising 117%.

Highfield is developing three 100%-owned Spanish potash projects.

Hegarty is a director of various listed and unlisted resources' companies including; Hong Kong listed G-Resources Group Ltd, Fortescue Metals Group (ASX: FMG), Tigers Realm Coal (ASX: TIG) and EMR Capital.

Hegarty has some 40 years' experience in the global mining industry. He spent 25 years with Rio Tinto where he was Managing Director of Rio Tinto Asia and Managing Director of the Group's Australian copper and gold business. He was the founder and CEO of Oxiana Ltd Group which grew from a small exploration company to a multi-billion dollar Asia Pacific focused base and precious metals producer, developer and explorer.

Analysis

On April 17, with the Highfield share price at $0.17, Proactive Investors wrote, "We estimate the market valuation and share price of Highfield Resources in the $0.40-$0.50 range in the next 12 months."

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.