Heavy Minerals (ASX: HVY) — Company Overview, News & Financial Data
Heavy Minerals is an Australian industrial minerals exploration and development company primarily focused on industrial garnet project advancement.
Heavy Minerals
Heavy Minerals is an Australian industrial minerals exploration and development company primarily focused on industrial garnet project advancement. Incorporated in 2021, the company holds key industrial mineral projects in Western Australia and South Australia, alongside additional mineral sands exploration interests in Mozambique. Its project portfolio includes major alluvial garnet deposits in Western Australia, as well as a hard rock garnet tailings retreatment initiative in South Australia in partnership with Kantra Copper. Heavy Minerals focuses on supplying high-grade garnet and associated heavy mineral products for global abrasive blasting, precision waterjet cutting, and water filtration industrial markets.
Snapshot
Operations
Products and/or services of Heavy Minerals
- Alluvial Garnet Mine Development: Major flagship deposit in Western Australia featuring a maiden ore reserve of 85.5 million tonnes at 4.43 percent total heavy minerals, supported by a pre-feasibility study for a 24-year mine life operation.
- Tailings Retreatment Processing: Near-term hard rock tailings reprocessing agreement in South Australia targeting production of 50 to 100 kilotonnes per annum of processed garnet material, de-risked by existing regional processing infrastructure targeting potential first production in 2027.
- Alluvial Garnet Exploration: Regional exploration asset in Western Australia adjacent to primary development acreage, featuring an exploration target of 90 to 150 million tonnes at 4.1 to 5.4 percent total heavy minerals in composite sampling.
- Heavy Mineral Sands Project: Offshore foreign mineral sands exploration interest in Mozambique holding a JORC inferred mineral resource estimate of 90 million tonnes at 3.0 percent total heavy minerals adjacent to established major mineral sands deposits.
- Industrial Garnet Media: High-grade commercial garnet products extracted and refined for specialized industrial end-use markets, serving high-demand industrial sectors including abrasive surface blasting, precision high-pressure waterjet cutting machinery, and advanced water filtration infrastructure applications.
- Heavy Mineral Concentrate Streams: Secondary heavy mineral concentrate extraction targeting valuable by-product mineral recovery during primary processing operations, including co-product streams of ilmenite, rutile, and zircon destined for global industrial mineral processing markets.
Heavy Minerals executive team
- Mr. Christopher Adam-Siddons Schofield Dip (MechEng)Non-Independent Executive Chairman
- Mr. Stephen Michael Brockhurst BComm, CACompany Secretary