INHAMBANE

Overview
The Inhambane Mineral Sands Project is a key opportunity for Heavy Minerals Limited and is considered a large commercially viable mineral sands deposit. Heavy Minerals intends to continue exploring for ilmenite, zircon and rutile while awaiting the granting of its Mining Licence application. Heavy Minerals has defined a significant JORC compliant Inferred Mineral Resource of 90 million tonnes @ 3.40 THM for a contained 2.7 million tonnes of heavy minerals.

Location
The Inhambane Mineral Sands Project is located in the Southern part of the Inhambane Province. The tenement lies across the borders of the Inhambane and Jangamo districts. The project area has excellent road access and power infrastructure.

Adjacent Projects
The Inhambane Mineral Sands Project borders the Rio Tinto and Savannah Resources Heavy Mineral Sands Projects.
The previous Rio Tinto and Savannah Resources JV (Mutamba Project) had a total resource 4.4 billion tonnes at 3.9% THM (Total Heavy Minerals).

Geology
The tenement is located over a seaward dune system trending towards a landward dune system. These Dune systems are separated by a drainage line with associated lakes and swamps. The Mutamba Project lies within the seaward dune system. Both dune systems host concentrations of ilmenite and minerals such as zircon and rutile. Based on this and exploration/drilling work done by Heavy Minerals it is clear that the most prospective part of the lease lies immediately along the Eastern Border and the Southern borders adjoining the Mutamba Project. The Quaternary formations in this area consist mostly of alluvium deposits and sand dunes (coastal and inland).

Exploration Program
Heavy Minerals intends to continue drilling and assaying at the Inhambane Mineral Sands Project and has defined a number of large exploration targets.
The current exploration target at the Inhambane Mineral Sands Project is >450 million tonnes