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HVY - Heavy Minerals

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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.

 
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Dona Ferentes

NEMO SIBI NASCITVR
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Listing date14 September 2021 #
Company contact details Ph: +61 2 9922 5800
Principal ActivitiesMineral exploration and development
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeHVY
Capital to be Raised$5,500,000
Expected offer close date18 August 2021
UnderwriterThis offer is not underwritten. Foster Stockbroking Pty Ltd(Lead Manager)
 
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