Commercial Credit Report for Heavy Minerals Ltd

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	Heavy Minerals Ltd
216 St Georges Terrace, Level 11
Phone: +61 894810389p:+61 894810389	PERTH, WAS 6000 Australia	Ticker: HVYHVY

Business Summary

Heavy Minerals Limited is an Australia-based industrial mineral exploration company. The Company’s projects are prospective for industrial minerals including Garnet, Zircon, Rutile and Ilmenite. Its projects consist of Port Gregory Garnet project, Red Hill Project and the Inhambane Mineral Sands project. The Port Gregory Project is located approximately 45-60 kilometer (km) north of Geraldton, 45- 65km south of Kalbarri, and 40 km north-west from Northampton in the mid-west coastal region of Western Australia. The Red Hill Project is located approximately 37 km South of the Port Gregory Garnet Project and approximately 70 km by road to the Port of Geraldton. The Company’s initial focus is the Port Gregory and Red Hill Garnet Projects with Port Gregory having a JORC Inferred and Indicated Mineral Resource of 135 million tons. The Inhambane Mineral Sands Project is in the Southern part of the Inhambane Province. The tenement lies across the borders of the Inhambane and Jangamo districts.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
12/31/2023	6/30/2023	Yes	-	-	-	-

Industries

SIC Code	Description
1499	Miscellaneous nonmetallic minerals, except fuels

General Information

Outstanding Shares:	57,623,665	(As of 12/31/2023)
Shareholders:	723
Stock Exchange:	ASX
Fax Number:	+61 894636103

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