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Port Gregory Garnet Project, WA

Heavy Minerals Limited (HVY) | Pre-Feasibility Study and maiden Ore Reserve | Released 29 Jul 2026

Mine life
24 years
Mine life
Strip ratio
0.22 : 1
Waste : ore
NPV
A$322.8 million
Post-tax, real, 8%
Capex
A$122.1 million
Development, incl. owner's costs

Inferred share: Inferred ~5.7% of mill feed

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Inferred ~5.7% of mill feed | Batter face angle 34°, inter-ramp angle 26.8° (multi bench) | Dilution and mining recovery not disclosed | Mining, geotechnical and Ore Reserve by AMC Consultants

Also in the release

Free-digging strandline sands, mined by scraper and surface miner, at 4.4% THM feed a 3.63 Mtpa plant; garnet recovery 87.0% in test work. Unit operating cost A$498.60/t product. IRR 47.6%.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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