Heavy Minerals Issues 766,667 Shares on 10 November 2026 Under Section 708A Notice

Manish Choudhary

10 November 2026 04:40 PM AEDT

Heavy Minerals Issues 766,667 Shares on 10 November 2026 Under Section 708A Notice

Image Source: Krish Capital Pty Ltd

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Heavy Minerals Limited (ASX:HVY) has advised that it issued 766,667 fully paid ordinary shares on 10 November 2026, with the company lodging a formal notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) confirming the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

Key Points

Heavy Minerals issued 766,667 fully paid ordinary shares on 10 November 2026
The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act
The company states it has complied with Chapter 2M and sections 674 and 674A of the Corporations Act as at the date of the notice
The company confirms there is no excluded information as at the date of the notice for the purposes of sections 708A(7) and 708A(8)

Section 708A Notice Details

Heavy Minerals Limited lodged the notice pursuant to section 708A(5)(e)(i) of the Corporations Act 2001 (Cth), disclosing the issuance of 766,667 fully paid ordinary shares on 10 November 2026. The filing states the company issued these shares without disclosure to investors under Part 6D.2 of the Corporations Act. The company confirmed compliance with the provisions of Chapter 2M of the Corporations Act as they apply to the company, as well as with sections 674 and 674A. The notice was authorised for release by the Board of Heavy Minerals Limited.

Excluded Information Confirmation

According to the filing, there is no excluded information as at the date of the notice for the purposes of sections 708A(7) and 708A(8) of the Corporations Act. The company also confirmed it is not aware of any new information or data that materially affects information previously reported in relation to the Kanmantoo Garnet Exploration Target announced on 9 March 2026, the Red Hill Exploration Target announced on 4 May 2023, and the Inhambane Mineral Resource announced on 6 December 2021.

Company Projects and Mineral Assets

Heavy Minerals is an Australian listed industrial mineral exploration and development company with projects prospective for garnet, zircon, rutile, and ilmenite. The company owns 100% of the Port Gregory Garnet Project in Western Australia, which hosts a Mineral Resource of 166 Mt at 4.0% THM containing 5.9 Mt of garnet, along with a maiden Probable Ore Reserve of 85.5 Mt at 4.43% THM for 3.3 Mt of contained garnet and a 24-year mine life. The company also holds 100% of the Red Hill Garnet Project in Western Australia, a 70% interest in the Inhambane heavy mineral sands project in Mozambique, and a Binding Tailings Processing Agreement with Kantra Copper Limited (ASX:KAN) for the Kanmantoo Copper Mine in South Australia.

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