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Heavy Minerals Ltd ( (AU:HVY) ) has shared an update.
Heavy Minerals Limited has made significant progress in its Port Gregory Pre-Feasibility Study (PFS), with financial modeling nearing completion and a final report expected in November 2025. The company is also advancing a potential industrial minerals project, with product testing completed and a binding agreement anticipated by Q4 2025. Additionally, Heavy Minerals plans to lodge a Mining Lease Application for Port Gregory in Q1 2026 and has raised funds through royalties and an ATM facility, enhancing shareholder value and positioning the company as a near-term producer.
The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.
More about Heavy Minerals Ltd
Heavy Minerals Limited is a company operating in the mining sector, focusing on mineral sands extraction. Their primary projects include the Port Gregory Garnet Project and potential industrial minerals projects, with a market focus on advancing these initiatives through feasibility studies and strategic partnerships.
Average Trading Volume: 73,103
Technical Sentiment Signal: Buy
For an in-depth examination of HVY stock, go to TipRanks’ Overview page.