Home - Heavy Minerals Limited

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Heavy Garnet Project
Kanmantoo Copper Mine

Heavy Minerals Limited (ASX:HVY) is an Australian based Industrial Minerals Company.

The Company has recently entered into an agreement with Hillgrove Resources (ASX:HGO) to treat the Kanmantoo Copper Gold Mine Tailings in South Australia to recover Hard Rock Almendine Waterjet Garnet. The Company anticipates producing 50,000 tonnes per annum of Garnet with potential production in Q4 2026. The Company will look to increase production to 100,000 tonnes per annum if required. This will be a low CAPEX and low OPEX project with a significant Life of Mine.

The Company also owns 100% of the Port Gregory and Red Hill Garnet Projects in Western Australia.

The Port Gregory Project has a JORC Compliant Mineral Resource estimate of 166 Mt @ 4.0% (THM) with 5.9 Mt of Contained Garnet.
The Company’s is due to release the results of the Port Gregory PFS following on from its Scoping Study which demonstrated the potential for a 16 year life of mine project having a net present value (NPV) of $253 million and a capital cost of $110 million. The Port Gregory Project borders the GMA Garnet Group (GMA) mine and Resource Development Group Ltd’s (RDG.ASX) Lucky Bay Mine. These are three of the highest quality garnet projects in the world.

The Red Hill Garnet Project has an Exploration Target ranging from 90 to 150 Mt of material @ 5.4% to 4.1% THM. The Exploration Target also contains between 5 and 6 Mt of THM and 3.8 and 4.5 Mt of garnet. Cut-off grades for reporting range between 3% THM and 1% THM.

The Company additionally owns 70% of the Inhambane Mineral Sands Project in Mozambique which has a JORC compliant Inferred Mineral Resource of 90MT @ 3.0% THM. This project borders Rio Tinto’s Mutamba Heavy Mineral Sands Project.

PROSPECTUS NOTICE AND ACCESS TERMS By accessing this site you agree to and acknowledge that you have read and accept these terms and conditions of access. Heavy Minerals Limited ACN xxx xxx xxx (Company) has lodged a prospectus dated x May 2021 (Prospectus) with the Australian Securities and Investments Commission (ASIC) in relation to (inter alia) the offer of a minimum of xx,xxx,xxx fully paid ordinary shares (Shares) to be issued at a price of $0.20 per Share to raise a minimum of $5,500,000 (before costs) (Public Offer). You may print out a hard copy of the Prospectus from this website or copy the electronic Prospectus on this website into an electronic file for your personal use only. You must not alter the contents of this electronic file in any way. Neither ASIC nor ASX Limited, nor any of their officers, take any responsibility for the contents of the Prospectus. The Company is not liable for any loss incurred from relying on this site, including from data corruption on download. The information on this page is not part of the Prospectus. IMPORTANT NOTICES Applications Anyone who wants to acquire securities in the Company will need to carefully consider the Prospectus and complete an application form attached to or accompanying the Prospectus. Paper copies of the Prospectus and application forms are available free of charge during the period of the Public Offer by contacting the Company. If you request a copy of the Prospectus and an application form you are not obliged to apply for securities. The Corporations Act 2001 (Cth) prohibits any person from passing on to another person an application form unless it is attached to or accompanied by a complete and unaltered version of a prospectus. The Company will not accept a completed application form if it has reason to believe that the Applicant has not received a complete and unaltered copy of the Prospectus. Persons to whom offer is available For legal reasons, the electronic version of the Prospectus accessible through this website is available to persons accessing this website from within Australia only. If you are accessing this website from anywhere outside Australia, please do not download the electronic version of the Prospectus. The Prospectus does not constitute an offer or an invitation in any jurisdiction in which, or to any person to whom, it would not be lawful to make such an offer or invitation. The distribution of the Prospectus in jurisdictions outside Australia may be restricted by law and persons who come into possession of the Prospectus should seek advice on and observe any of these restrictions. Failure to comply with these restrictions may violate securities laws. Applicants who are resident in countries other than Australia should consult their professional advisers as to whether any governmental or other consent are required or whether any other formalities need to be considered and followed. No advice included Nothing contained on this website or in the Prospectus constitutes financial, investment, legal, business, tax or other advice. In particular, the information on this website and in the Prospectus does not take into account your investment objectives, financial situation or particular needs. In making an investment decision, you must rely on your own examination of the Prospectus, including the merits and risks involved. You should consult your professional adviser for financial, legal, business or tax advice. The Prospectus is an important document that should be read by prospective investors in its entirety before deciding whether to participate. If after reading the Prospectus you have questions, you should contact your stockbroker, accountant, financial, legal or other professional advisers. By clicking "I Accept" below, you acknowledge that: • You have read and understood the above statements; • You are an Australian resident and you are requesting a copy of the Prospectus from within Australia; and • You will not pass on to any other person the application form unless it is attached to or accompanied by the complete and unaltered electronic Prospectus.