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Heavy Minerals Limited (ASX:HVY)

ALERT: Price-sensitive ASX Announcement for HVY
Current share price for HVY : $0.435 0.035 (8.75%)+
Announcement
Release
31 Oct 2025 1:32PM
Price at Release
$0.400
Full Release
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Summary
Heavy Minerals Limited presented its September 2025 Quarterly Activities Report, highlighting the progress of its Port Gregory Pre-Feasibility Study, which includes finalizing financial modelling and equipment requirements. Successful product testing for a potential industrial minerals project was conducted at CSIRO, and further study work on process flow design and plant design is underway. The company plans to lodge the Mining Lease Application for Port Gregory in Q1 2026, as there is no immediate need for an earlier application. Financially, Heavy Minerals strengthened its cash position through royalty funding, exercising options, and utilizing an ATM facility, which raised significant funds during the quarter.
Key Points
  • Heavy Minerals Limited completed their Port Gregory Pre-Feasibility Study with financial modelling and final equipment requirements.
  • The company conducted successful product testing for a potential industrial minerals project at CSIRO, with further study work on process flow design and plant design.
  • Heavy Minerals intends to lodge the Mining Lease Application for Port Gregory in Q1 2026.
  • The company raised funds through royalty funding and the exercise of options, with a significant amount from an ATM facility.
  • The September 2025 Quarterly Activities Report highlights the progression towards finalizing the Port Gregory PFS and the industrial mineral project's potential execution.
  • The company maintained a strong cash position with net increases in cash equivalents.
  • Work on Mining Lease Application is progressing despite no immediate need to expedite it.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.