Australia's Heavy Minerals soars as WA project drilling points to garnet-rich resource
05/10/2026 04:40
BUZZ-Australia's Heavy Minerals soars as WA project drilling points to garnet-rich resource ** Heavy Minerals HVY.AX soars as much as 23.4% to A$0.395, marking its best intraday jump since February 24 and a near three-week high
** Industrial minerals developer advances Red Hill project in Western Australia toward a maiden resource estimate, with garnet mineral dominating all 47 composites
** Garnet is used in high-pressure waterjets to precision-cut aerospace metals, among other applications
** Stock down 22.5% YTD, including session's moves
(Reporting by Swetha Lakshmi in Bengaluru)
Recent news on Heavy Minerals
See all newsAustralia's Heavy Minerals soars as WA project drilling points to garnet-rich resource
Australia's Heavy Minerals hits 1 yr-high on securing funding for WA project
Brief: Heavy Minerals Seeks Trading Halt
Brief: Heavy Minerals Signed Non-Binding MoU For Future Sales Of Minimum Of 15,000 TPA Of Garnet
Australia's Heavy Minerals gains most in 5 months; signs MoU to sell Garnet