Flagship project
Port Gregory -- 100% HVY.
Port Gregory is HVY's flagship hard-rock industrial-garnet
project, located approximately 100 km north of Geraldton in Western
Australia. The deposit hosts a JORC Mineral Resource Estimate of
166 Mt @ 4.0% THM for 5.9 Mt of contained Garnet.
Geology and resource
The Port Gregory mineralisation occurs as a near-surface heavy-mineral
suite hosted in beach, foredune and shallow-marine sediments. The
dominant heavy mineral is almandine Garnet, with an economic
percentage of ilmenite.
- Inferred Resource: 166 Mt at 4.0% THM for 5.9 Mt of contained Garnet.
- Reported under JORC Code 2012; Competent Person sign-off lodged with ASX.
Pre-Feasibility Study (PFS)
The PFS is nearing completion. Headline results are subject to ASX
disclosure ahead of publication; full results will be released to the
market via ASX announcement on completion.
Project timeline
Done
Acquisition
2021 -- HVY acquires Port Gregory tenements.
Done
JORC MRE
July 2023 -- 166 Mt at 4.0% THM.
Now
PFS -- due soon
2026 -- engineering, processing, economics.
Next
DFS
Definitive Feasibility Study following PFS.
Then
FID
Final Investment Decision -- subject to financing and approvals.
