Heavy Minerals Limited announced that the maiden drilling program at its 100% owned Port Gregory Project has been completed. Importantly, the program covered an additional 40% more ground than the original Exploration Target footprint. HVY anticipate having conducted sufficient drilling to generate a JORC Mineral Resource and this includes a larger mineralised area than the Exploration Target footprint.

The JORC Resource will provide sufficient confidence to form the backbone of a Scoping Study commencing in the second quarter of 2022. HVY is on track to deliver results for the 2021 drilling program in the coming weeks with the final assay results due within a month. These results coupled with the assemblage and metallurgy results will feed into the JORC Mineral Resource estimate which is on track for release late in the first quarter of 2022.