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Heavy Minerals advances garnet projects despite funding pressure

3:39pm on Friday 2nd of October, 2026 AEST • Mining
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Heavy Minerals advances garnet projects despite funding pressure

3:39pm on Friday 2nd of October, 2026 AEST
Key Points
  • A$2.84 million FY2026 net loss, up from A$1.48 million
  • A$35,715 cash balance and A$3.15 million net working capital deficit
  • Auditor flags material uncertainty over going concern
  • Kanmantoo FEL-3 work advances ahead of a Final Investment Decision
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