Heavy Minerals: Receives “favourable” metallurgy results for Port Gregory

Heavy Minerals Receives “favourable” metallurgy results for Port Gregory

• Heavy Minerals (HVY) receives “favourable” metallurgical results from IHC Mining for its Port Gregory Garnet Project in WA
• The results confirm that the project’s mineral sands can be processed readily using typical processing methodologies and equipment
• A follow-up QEMSCAN analysis to determine garnet mineral liberation characteristics to assist with recovery optimisation is planned
• HVY is expecting to deliver its scoping study in Q3 2022 and the second phase of the Port Gregory drilling is planned to commence in the third or fourth quarter of 2022
• Shares in HeavyMinerals are down 4.76 per cent, trading at 20 cents at market close