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Heavy Minerals Limited (ASX:HVY)

ALERT: Price-sensitive ASX Announcement for HVY
Current share price for HVY : $0.390 -0.06 (-13.33%)+
Announcement
Release
31 Jul 2026 3:32PM
Price at Release
$0.450
Full Release
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Summary
Heavy Minerals Limited, in its quarterly activities report for the period ending 30 June 2026, highlighted significant progress, including the completion of the Port Gregory Pre-Feasibility Study and the estimation of a maiden Ore Reserve of 85.5 million tonnes at 4.43% Total Heavy Minerals. During the quarter, the company utilized A$52,000 from operating activities and ended with A$37,000 in cash. Ongoing financing discussions aim to secure construction funding for key projects, with a total available funding of A$1,845,000 and an estimated 15.4 quarters of funding available at the end of the period. The company continues to rely on its At-the-Market Facility for financial support, while advancing the Kanmantoo project towards a Final Investment Decision.
Key Points
  • Quarterly Activities Report for the quarter ended 30 June 2026
  • Port Gregory Pre-Feasibility Study completed
  • Maiden Ore Reserve estimated at 85.5 Mt at 4.43% Total Heavy Minerals
  • Net cash used in operating activities was A$52,000
  • Cash and cash equivalents at quarter end was A$37,000
  • Funding discussions for project development continue
  • Total available funding at quarter end was A$1,845,000
  • Estimated 15.4 quarters of funding available
  • Continued use of At-the-Market (ATM) Facility for financing
  • Focus on advancing the Kanmantoo project towards a Final Investment Decision
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.