HVY – Heavy Minerals | Aussie Stock Forums

Heavy Minerals Limited is an Australian company incorporated on 10 February 2021 in the State of Western Australia with a focus on industrial mineral exploration.

The Company:

(a) holds the right to acquire the Port Gregory Tenements, comprising five granted exploration licences; and
(b) has, via +258 Limitada, applied for a mining concession at the Inhambane Project, comprising one mining concession licence application,

The Port Gregory Project is located approximately 45-60km north of Geraldton, 45-65km south of Kalbarri, and 40km north-west from Northampton in the mid-west coastal region of Western Australia (approximately within 5km of GMA Garnet Group’s active Port Gregory garnet mine). Limited exploration has been carried out on the Port Gregory Project. The historical exploration at the Port Gregory Project has been highly encouraging with moderate to high garnet grades and its close proximity to an operating garnet mine.

The Inhambane Project consists of one mining concession licence application (10255C), which the Company has a 70% indirect interest in. The Inhambane Project is located approximately 5km South East of the Port of Inhambane in Mozambique.

The Projects are considered by the Company to be prospective for heavy minerals, principally for industrial garnet, zircon, rutile, leucoxene and Ilmenite.

The Company’s corporate strategy is to develop an industrial mineral sands exploration, development and mining business through organic growth and corporate action.

It is anticipated that HVY will list on the ASX during September 2021.