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Heavy Minerals Pins A$322.8M NPV on Port Gregory Garnet Project
9:44am on Wednesday 29th of July, 2026 AEST
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Mining
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Heavy Minerals Pins A$322.8M NPV on Port Gregory Garnet Project
9:44am on Wednesday 29th of July, 2026 AEST
Key Points
Maiden Probable Ore Reserve of 85.5 Mt at 4.43% THM for 3.3 Mt garnet
Post-tax NPV of A$322.8 million and IRR of 47.6%
Development capital estimated at A$122.1 million with ~3.1-year payback
Conventional dry mining with no drilling, blasting, crushing or permanent tailings
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