Australia's Heavy Minerals jumps on awarding pre-feasibility study to IHC Mining

Heavy Minerals

03/10/2023 04:23

** Shares of Heavy Minerals  HVY.AX  rise as much as 26.3%
to A$0.120 - set for best day since July 13, if gains hold
    ** Industrial minerals miner says it awarded pre-feasibility
study award to mineral sands engineering firm IHC mining, for
garnet mine at Port Gregory, Australia
    ** Multiple production profiles to be considered to provide
HVY with option to maximise the Net Present Value (NPV) of the
project - co
    ** 1.1 mln shares change hands, compared with the 30-day
average volume of 108,535 
    ** Stock at highest level since Sept. 14
    ** Stock has fallen 36.7% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))