Duyuru • Oct 09
Heavy Minerals Limited, Annual General Meeting, Nov 27, 2025 Heavy Minerals Limited, Annual General Meeting, Nov 27, 2025. Duyuru • Oct 03
Heavy Minerals Limited, Annual General Meeting, Nov 28, 2024 Heavy Minerals Limited, Annual General Meeting, Nov 28, 2024. Reported Earnings • Sep 27
Full year 2024 earnings released: AU$0.019 loss per share (vs AU$0.022 loss in FY 2023) Full year 2024 results: AU$0.019 loss per share (improved from AU$0.022 loss in FY 2023). Net loss: AU$1.15m (loss narrowed 2.1% from FY 2023). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Duyuru • Mar 22
Heavy Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.092577 million. Heavy Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.092577 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,128,993
Price\Range: AUD 0.082
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 20
First half 2024 earnings released: AU$0.011 loss per share (vs AU$0.009 loss in 1H 2023) First half 2024 results: AU$0.011 loss per share (further deteriorated from AU$0.009 loss in 1H 2023). Net loss: AU$657.5k (loss widened 31% from 1H 2023). Duyuru • Feb 14
Heavy Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.75 million. Heavy Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,146,342
Price\Range: AUD 0.082 Board Change • Jan 29
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Director Greg Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 07
Heavy Minerals Limited, Annual General Meeting, Nov 30, 2023 Heavy Minerals Limited, Annual General Meeting, Nov 30, 2023. Agenda: To consider the election of Directors. Board Change • Oct 03
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Director Greg Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Share price has been highly volatile over the past 3 months (38% average weekly change). Revenue is less than US$1m (AU$13k revenue, or US$8.3k). Market cap is less than US$10m (AU$5.70m market cap, or US$3.68m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Duyuru • Aug 30
Heavy Minerals Limited Announces Board Changes Heavy Minerals Limited announced the appointment of Mr. Aaron Williams in the role of non-executive director, effective immediately and the resignation of Mr. Wayne Richards from the board. Aaron is a renowned international expert in the garnet industry and his extensive experience and expertise will be invaluable as the company works towards developing its industrial garnet mining operations. Aarons' distinguished career spans over three decades. From 2002 until 2011, he oversaw mining operations, head office functions, and international sales & marketing and distribution operations for GMA, the world's largest garnet producing group based in Western Australia. He also established the group's American business unit in Houston, Texas. From 2012 to 2020, Aaron co-founded and managed a Malaysian and later Saudi Arabian based manufacturer and distributor of abrasive blasting equipment, blast media abrasives, and related surface preparation consumables. More recently, he founded and manages a blast media distribution business in Malaysia, looking after Southeast Asian maintenance and fabrication yards. Aaron is board director (Global Centre) for the Association for Material Protection and Performance (AMPP), 2022-2025 and is an AMPP Certified Coatings Inspector. He holds a Bachelor's degree in Accounting and Finance and a Master of Business Administration from the University of Western Australia, and until recently was an Australian CPA. The company also announced that Mr. Richards has resigned as a non-executive director, effective immediately. New Risk • Jul 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Shares are highly illiquid. Revenue is less than US$1m (AU$13k revenue, or US$8.8k). Market cap is less than US$10m (AU$10.7m market cap, or US$7.28m). Minor Risk Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Duyuru • Jul 11
Heavy Minerals Limited Announces Updated Mineral Resource Estimate for the Port Gregory Garnet Project of 166 Mt @ 4.0% THM at a 2.0% THM Cut-Off Grade Heavy Minerals Limited announced the updated Mineral Resource estimate for the Port Gregory Garnet Project of 166 Mt @ 4.0% (THM) at a 2.0% THM cut-off grade. The 89% garnet fraction of the THM is in line with previous results resulting in 5.9 Mt of contained garnet. Significant resource upside potential still exists with mineralisation open to the south within HVY' tenure. The updated Mineral Resource estimate increases the tonnage of material above the cut-off grade by 23% and results in an increase in contained garnet of 20%. JORC Mineral Resource Estimate: The Port Gregory Mineral Resource estimate is reported above a cut-off grade of 2.0% THM. This table conforms to guidelines set out in the JORC Code (2012). The Mineral Resource outline for the Port Gregory deposit. At a cut-off grade of 2.0% THM the Port Gregory deposit comprises a total Mineral Resource of 166 Mt @ 4.0% THM, 10% SLIMES and 9% OS (oversize) containing 6.6 Mt of THM with an assemblage of 89% garnet, 4% ilmenite, 2% rutile/anatase and 1% zircon. The JORC categories are specifically stated as: a Measured Mineral Resource of 126 Mt@ 3.8% THM, 10% SLIMES and 9% OS containing 4.7 Mt of THM with an assemblage of 88% garnet, 4% ilmenite, 2% rutile/anatase and 0.6% zircon; an Indicated Mineral Resource of 20 Mt @ 6.5% THM, 8% SLIMES and 9% OS containing 1.3 Mt of THM with an assemblage of 92% garnet, 4% ilmenite, 1% rutile/anatase and 1% zircon; and an Inferred Mineral Resource of 20 Mt @ 2.9% THM, 11% SLIMES and 13% OS containing 0.6 Mt of THM with an assemblage of 89% garnet, 4% ilmenite, 2% rutile/anatase and 1% zircon. Drilling Techniques: Aircore (AC) drilling was used to obtain samples for analysis with an additional 162 AC holes for 5,180.5 metres and 5,329 samples, drilled to an average depth of 33 m. 9 holes were twinned as a part of this drill program. Bostech Drilling was engaged to drill out this program (Figure 5) with their Truck mounted Drillboss 200 AC rig. These holes and assays were added to the already drilled holes and assay results. AC drill sample recovery is monitored by reviewing the sample mass of the total weight of the 1.0 m interval weighed both on site as a wet sample and at the laboratory as a dried sample. The entire sample passes through the on-board rotary splitter and the sample collected in a pre-numbered calico bag. The bulk reject is not collected and is shovelled back down the hole upon completion The drilling program was undertaken in dry conditions with holes drilled vertically and spaced at 100 m across strike and 250 m along strike. The program involved in-filling the previous 500 m spaced drill lines and extending the footprint of the defined Mineral Resource further to the east. The spacing /density of the holes is deemed to adequately define the mineralisation in the Mineral Resource estimate and this was confirmed with variography and an assessment of the mineral assemblage composites which determine the mineralogy. Board Change • May 25
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Director Greg Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 31
Heavy Minerals Limited Announces Red Hill Drilling Completed - Port Gregory Assays Received Heavy Minerals Limited announces that its maiden drilling program has been completed at its 100% owned Red Hill Project. The Company has completed a 48 hole, 1815 metre Air Core drill program at its Red Hill Project that was designed to test the Heavy Mineral potential of the project. The Company observed many positive visual results during the drilling program and anticipates receiving assay results in March 2023 with the potential to release a resource in Second Quarter 2023 pending positive results. Timing for the release of the results from both the Port Gregory and Red Hill drilling programs are subject to laboratory throughput capabilities and HVY interpretation and compilation. The Company decided to complete an additional 23 hole, 726 metre Air Core drill program at its Port Gregory project that was designed to further test the resource extensions to the North, East and South. The decision to add this drilling was based on positive assays and visual results returned from the November-December 2022 infill and extension drilling program. Board Change • Nov 18
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Director Greg Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 23
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Greg Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 