Heavy Minerals LtdASX: HVY

Port Gregory PFS Delivers Maiden Ore Reserve - A$322.8M NPV

· Issued by Heavy Minerals Ltd

Filed with ASX · · 44 pages · English

Summary by 6ix AI

Heavy Minerals Ltd has released the results of its Pre-Feasibility Study for the Port Gregory Garnet Project, confirming a maiden Ore Reserve and a significant post-tax net present value. The study indicates a highly profitable garnet operation with a long mine life and a favorable internal rate of return. The findings suggest a clear pathway to development, with ongoing preparations for further studies and funding opportunities.

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