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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
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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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