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Heavy Minerals Secures Key Agreement to Launch Kanmantoo Garnet Project by 2026

9:22am on Tuesday 27th of January, 2026 AEDT Mining
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Heavy Minerals Secures Key Agreement to Launch Kanmantoo Garnet Project by 2026

9:22am on Tuesday 27th of January, 2026 AEDT
Key Points
  • Binding Tailings Processing Agreement executed with Hillgrove Resources
  • Initial production capped at 50,000 tonnes per annum, with potential to double
  • Project financing targeted at AU$25-30 million via debt, pre-sales, and royalties
  • Heavy Minerals responsible for environmental and operational obligations
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