Heavy Minerals scopes garnet opportunity

HEAVY Minerals has scoped its Port Gregory garnet-ilmenite opportunity in Western Australia as costing A$110 million to build and having a net present value of $253 million.

Heavy Minerals scopes garnet opportunity Heavy Minerals scopes garnet opportunity Heavy Minerals scopes garnet opportunity Heavy Minerals scopes garnet opportunity Heavy Minerals scopes garnet opportunity

Other numbers from the scoping work include an after-tax IRR of 33% and a payback period of 4.2 years - with the mine life currently modelled at 16 years.

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