Heavy Minerals Ltd · ASX:HVY
Heavy Minerals — Investor Presentation (September 2021)
19 slides from Heavy Minerals's investor presentation, Sep 13, 2021
Slide 1: Heavy Minerals Limited September 2021 Presentation
Heavy Minerals Limited SEPTEMBER 2021 PRESENTATION
Slide 2: Important Notice
Important Notice: This presentation has been prepared by Heavy Minerals Limited and its related entities (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the co
Slide 3: Investment Highlights
Investment Highlights Heavy Minerals Limited (HVY) is an Emerging Industrial Minerals Explorer ▪ Listed 14th September 2021, raising AU$5.5M1 @ $0.20 per share ▪ Funds used to define and expand upon Garnet, Ilmenite and Zircon resources ▪ AU$4.8M EV with AU$5.5M1 cash offers an attractive entry for
Slide 4: Capital Structure
Capital Structure Initial public offer of 27,500,000 new Shares issued at a price of Key Details Metrics 20c per share (Offer Price) raised a total of AU$5.5 million Total Shares on Issue 51,308,158 Shares escrowed at ASX Listing (Approximate) 14,640,574 (28.5%) Oversubscribed offer well supported b
Slide 5: HVY Project Overview
HVY Project Overview Port Gregory Garnet Project (30km North of Geraldton, Western Australia) ▪ Exploration Target (see slides 10 and 11) ▪ Upside potential along 50km of underexplored coastline with 181km2 of contiguous tenure ▪ Adjacent to world class GMA operating Garnet mine Ready Access to and
Slide 6: Board of Directors
Board of Directors Maurice (Nic) Matich - B Eng (Mech) (Hons), B Sci (Phys, IT), Greg Jones - B App Sc (Geol) (Hons), FAusIMM GradDip (Finance) Non-Executive Director Executive Director Mr. Jones has over 25 years’ experience primarily as a mineral sands Geologist Mr. Matich is a mechanical engineer
Slide 7: Industrial Garnet
Industrial ABRASIVE / GARNET APPLICATIONS: Garnet ▪ ▪ Prepare and clean surfaces Water jet cutting applications 1,000,000 T Worldwide ~ ▪ Water filtration media Production 20201 ▪ Reliant Industry Sectors: Oil & Gas, Manufacturing, Ship building MAJOR PRODUCERS: ▪ GMA (Australia) ~30% of the worlds
Slide 8: Garnet Market
Garnet Water jet cutting drives demand: Market Significant production removed1 from the market in 2017 - 135kt (Harts $300 Range) and 350kt (India) - Still unaccounted for! $275 ▪ Refined garnet commands a premium of up to 100% on unrefined product (US$300-US$500+ per tonne)3. To be explored in Scop
Slide 9: Garnet Supply/Demand to 2030
Garnet to 2030 HVY’s OPPORTUNITY: Significant and widening supply deficit forecast 2022 onwards2 540kT deficit in 2030 without new Global average (nominal) Garnet price (unrefined) sources of supply Current trend (USA) TZMI 2019 forecast long-term price of US$210 per tonne (indexed to 2020) for unre
Slide 10: Port Gregory Garnet Project
Port Gregory Garnet Project ▪ 181 sq.km of contiguous tenure 30km from the port of Geraldton, Proposed Garnet Mine Adjacent to the worlds largest Garnet mine (GMA) (RDG.ASX) ▪ Exploration Target of 170 to 250 million tonnes @ 3.5% to 4.5% THM containing approximately 46% Garnet (E70/5160). The poten
Slide 11: Exploration Target Disclosure
Exploration Target Disclosure ▪ Exploration Target of 170 to 250 million tonnes @ 3.5% to 4.5% THM containing approximately 46% Garnet (E70/5160). ▪ The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to estimate a Minerals
Slide 12: Port Gregory – Geological Model
Port Gregory – Geological Model Planned Drill Program Mineralisation open to the North and South Mineralisation open HVY to fast track resource definition 300 hole, 12,000m drilling program planned to define and potentially extend upon 3.5-4.5Mt exploration target Average hole depth 40m Air-core dri
Slide 13: High Grade Garnet From Surface
High Grade Garnet From Surface Section AA W E Shallow High Grade Mineralisation Across Entire Target Area Section BB Base of Dune mineralised Mineralisation sequence (Limestone) Project ProjectHighlights: Highlights: W Section BB High Grade Eastern Zone E THM THM content contentin in excess excessof
Slide 14: Port Gregory Potential
Port Gregory GMA Mine Contiguous Geological Potential Exploration Target setting over entire tenure Exploration target located in a fraction of the highly prospective tenement package! Q618-630 30km from the Over 50 km of coastal dunes with geology Port of Geraldton analogous to GMA’s operations (Du
Slide 15: Market Outlook – Mineral Sands
Market Outlook – Mineral Sands Zircon Pricing3 Heavy Mineral Sands Market Dynamics – Rapid uplift in pricing over the last 12 months • Existing producers are seeing a rebound in pricing on the full suite of valuable heavy minerals (VHM) with strong gains seen since October 20203 • Full suite of valu
Slide 16: Inhambane – Mineral Sands Project
Inhambane – Mineral Sands Project ▪ 183km2 of land under mining application adjacent to HV Power, Major HWY and the Port of Inhambane. Mining Concession application lodged (25-year tenure), pending regulatory approvals ▪ JORC Inferred Mineral Resource of 51 million tonnes @ 3.4% THM (1.7 Mt containe
Slide 17: JORC Resource: 51MT @ 3.4% HM
JORC Resource: 51MT @ 3.4% HM 5 drill ready targets identified with a substantial footprint with which to expand upon F resource E Historical auger data and field mapping guiding exploration Resource program D Potential strandlines identified C Potential to grow resource B into a globally significan
Slide 18: Proposed Expenditure / Timeline
Proposed Expenditure / Timeline Proposed use of funds – Year 1 AU$ (000’s) % Port Gregory (First 12 months post listing) Exploration expenditure 1,483 27 ▪ 12,000m drill program to define Garnet resource (Beginning Sep 2021) Directors’ fees (inc Consultants) 510 9 ▪ Initial drilling results General
Slide 19: Contact Details: Heavy Minerals Limited
Contact Details: Registered Office Level 11, London House 216 St Georges Terrace Perth WA 6000 Australia Tel: (08) 9481 0389 Fax: (08) 9463 6103 Web: www.heavyminerals.com Email: info@heavyminerals.com Heavy Minerals Limited 19
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