Heavy Minerals Ltd · ASX:HVY

Heavy Minerals — Investor Presentation (May 2022)

20 slides from Heavy Minerals's investor presentation, May 31, 2022

  1. Slide 1: Focused on Industrial Minerals

    FOCUSED ON Industrial Minerals JUNE 2 0 2 2 | A S X : H V Y

  2. 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 con

  3. Slide 3: Presentation Outline

    Presentation Outline • Investment Highlights • Capital Structure • Board of Directors • Project Overview • Industrial Garnet • Garnet Market • Garnet to 2030 • Port Gregory Garnet Project & Timeline • Port Gregory JORC Mineral Resource • High Grade Drilling Results • Red Hill Discovery • Market Outl

  4. Slide 4: Emerging Industrial Minerals Explorer with Projects adjacent to world class deposits

    Investment Highlights Heavy Minerals Limited (HVY) is an Emerging Industrial Minerals Explorer with Projects adjacent to world class deposits in pro-mining jurisdictions • Western Australia – Port Gregory Project: JORC Mineral Resource 135 MT @ 4.0% THM containing 4.9 Mt Contained Garnet Titanium In

  5. Slide 5: Capital Structure

    Capital Structure1 Directors 19.6% ASX CODE SHARES ON ISSUE2 MARKET CAP2 Retail HVY 51.3M $11.03M 34.5% CASH2 DEBT2 EV2 Remaining Top 20 $2.95M nil $8.08M 45.9% Position Holder Name % IC 1 J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 3,725,000 6.91% 2 CHRISTOPHER ADAM SCHOFIELD 3,604,283 6.69% 3 VALENS

  6. Slide 6: Board of Directors

    Board of Directors Adam Schofield Maurice (Nic) Matich GLENN SIMPSON GREG JONES Non-Executive Chairman Executive Director and CEO Non-Executive Director Non-Executive Director Mr. Schofield is a mining company Mechanical engineer and finance Mr. Simpson has been a Chartered Over 25 years’ experience

  7. Slide 7: Port Gregory Project 135 MT @ 4.0% THM

    Port Gregory Project 135 MT @ 4.0% THM1 4.9 Mt contained garnet 1HVY.ASX announcement 2nd May 2022 7

  8. Slide 8: Project Overview

    Project Overview Port Gregory Garnet Project Two projects with the potential to grow into globally significant mineral sands (100 km North of Geraldton, Western Australia) resources. Both Projects adjacent to Tier 1 Assets (GMA, RDG & Rio Tinto). • 4.9 Mt contained Garnet (~5 years of Global demand)

  9. Slide 9: Industrial Garnet

    Industrial Garnet 1,100,000 Tonne Worldwide consumption in 20211 Garnet Production by Region1 USA 10% South Africa 13% India 12% Australia (GMA) ALLUVIAL ALMANDINE GARNET UNIQUE QUALITIES 32% Superior hardness (7.5 Mohs hardness3) = High productivity (lower abrasive consumption) China = Low dust (OH

  10. Slide 10: Garnet Market

    Garnet Market Refined (sized) garnet commands a premium of up to 100% on unrefined Major Markets products (US$300-US$500+ per tonne)3. To be explored in Scoping Study USA, EU, Asia and Middle East 8.7% CAGR in pricing 2016-20214 US$ per tonne (unrefined)2 $350 Water Jet cutting drives current demand

  11. Slide 11: Garnet to 2030

    Garnet to 2030 HVY’S unique opportunity is the Global average (nominal) Garnet price (unrefined)1 significant and widening supply deficit Current price (USA3) forecast from 2022 onwards2 540 kt deficit in 2030 without new sources of supply TZMI 2021 long-term forecast price of US$210 per tonne (inde

  12. Slide 12: Port Gregory Garnet Project

    Port Gregory Garnet Project Largest tenure JORC RESOURCE Adjacent to world's largest holder (226 km2) 4.9 Mt contained garnet garnet mine (GMA) in the region “Red Hill” discovery and the Lucky Bay garnet targeting garnet mine (RDG.ASX) Proposed Timeline (Port Gregory) 2022 Jun Jul Aug Sep Oct Nov De

  13. Slide 13: Port Gregory JORC Resource

    Port Gregory JORC Resource1 JORC Mineral Resource 135 MT @ 4.0% THM Mineral Resource Estimate for Port Gregory Project as at 2nd May 2022 4.9 Mt contained garnet (96% VHM fraction in THM) Mineralisation open to the North and South with-in HVY’s 100% owned tenure (E70/5160 & E70/5934) Mineralisation

  14. Slide 14: High Grade Drilling Results

    High Grade Drilling Results Mineral Resource Categories & Collars Notable intersections from maiden drilling campaign1 Hole ID GRADE (THM) Interval (m) From (m) PGAC0067 11.3% 23 12 PGAC0025A 17.9% 13 0 Western Intercepts PGAC0089 12.9% 14 0 PGAC0088 13.3% 12 0 PGAC0026A 39.5% 3 0 PGAC0154 5.7% 27 1

  15. Slide 15: Red Hill Discovery

    Red Hill Discovery Red Hill prospect: 37 km south of Port Gregory Project HVY will continue exploration of its tenure for garnet and High grade garnet from surface other industrial minerals Analogous to the Port Gregory Project High Priority Exploration target AC drilling in Q3 2022 Red Hill highlig

  16. Slide 16: Market Outlook – Mineral Sands

    Market Outlook – Mineral Sands1 Heavy Mineral Sands Market Dynamics – Rapid uplift in pricing over the last 18 - 24 months Existing producers are seeing an increase in pricing Full suite of valuable heavy minerals (VHM) have on the full suite of valuable heavy minerals (VHM) seen growth over the pre

  17. Slide 17: Market Outlook – Mineral Sands

    Market Outlook – Mineral Sands1 Titanium Dioxide Zircon Ilmenite accounts for 90% of Urbanisation is driving the world's consumption of demand for tiled flooring in titanium minerals1. Inhambane Asia mineral assemblage contains 60% ilmenite China accounts for 55% of Global demand² and has Chinese im

  18. Slide 18: Inhambane Mineral Sands Project

    Inhambane Mineral Sands Project OWNERSHIP 213.8 km2 of tenure under mining application: Adjacent to HV power, road and the Port of Inhambane. 70% 30% Mining Concession application lodged (25-year tenure), Heavy Minerals Local pending regulatory approvals Partners JORC Inferred Mineral Resource of 90

  19. Slide 19: JORC Mineral Resource

    JORC Mineral Resource Inhambane 2022 metallurgy results1 – Highly marketable product suite (No roasting): Primary ilmenite containing 49.8% TiO2 , 0.6% SiO2, 0.4% Al2O3 and <0.1% Cr2O3 Zircon containing 66% Zr02 with < 500ppm U + Th High Titanium product containing > 90% Ti02 1 W E Potential strandl

  20. Slide 20: www.heavyminerals.com

    Registered Office: Level 11, London House 216 St Georges Terrace Perth Western Australia 6000 Phone: (08) 9481 0389 Fax: (08) 9463 6103 Email: info@heavyminerals.com www.heavyminerals.com

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