Red Hill - Heavy Minerals Limited

Red Hillzimscho2023-04-10T10:51:08+08:00

RED HILL

Overview
The Red Hill Prospect is an exciting recent discovery for Heavy Minerals Limited with exceptional high grade results announced to the market in early April 2023.

Location
The Red Hill Prospect is approximately 37 km South of the Port Gregory Garnet Project and approximately 70 km by road to the Port of Geraldton.

Given the proximity to Geraldton Port (approximately half the distance to Port compared to the RDG Lucky Bay Mine) any potential future operation here could have an advantage compared to similar operations in the region, due to lower transport costs.

Geology
The Geology at the discovery is analogous to the Port Gregory project with dunal sands overlying the Tamala Limestone formation. The frontal dunes and beaches in this area of the coastline have anomalous levels of very coarse garnet. This garnet has likely been washed down by the Bowes River from source rocks further inland. The targeted sand packages on the eastern side of the foredune area are also aeolian in nature and considered by the HVY team to be analogous to the sand packages hosting the identified mineralisation at the Port Gregory Project.

Recent Drilling Results
Notable intersections include:

- 8.2% THM over 20 m from 21 m downhole (RHAC0039)
- 6.6% THM over 22 m from 20 m downhole (RHAC0038)
- 5.9% THM over 15 m from surface (RHAC0040)
- 5.5% THM over 34 m from surface (RHAC0041)
- 5.4% THM over 11 m from 16 m downhole (RHAC0037)
- 5% THM over 20 m from surface (RHAC0039)
- 5% THM over 5 m from 31 m downhole (RHAC0035)
- 5% THM over 5 m from 31 m downhole (RHAC0035)
- 4.9% THM over 9 m from 8 m downhole (RHAC0043)
- 4.9% THM over 15 m from 21 m downhole (RHAC0040)
- 4.8% THM over 15 m from 26 m downhole (RHAC0036)
- 4.7% THM over 6 m from surface (RHAC0036)
- 4.3% THM over 14 m from 28 m downhole (RHAC0037)
- 4% THM over 6 m from 13 m downhole (RHAC0038)

Exploration Program
The Company expects to release the balance of drilling results for Red Hill in Mid April 2023.

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