Heavy Minerals Limited announced that the metallurgy results for the Inhambane Mineral Sands Project have been received from IHC Mining. The results highlight the very marketable nature of the potential product suite from the project which can be produced using a basic process utilising typical mineral sands equipment. IHC Mining completed scoping metallurgical process development test work on a bulk sample from HVY's Inhambane heavy mineral sands project.

The metallurgical test work was completed to a scoping level, resulting in: Evaluation of material processability, Development of a conceptual metallurgical process, Testwork metallurgical balances including mass yields, grades and recoveries. Generation of potential products, Identification of any potential metallurgical risks and opportunities and Recommendations for progressing the project to the next phase of feasibility. Follow-up work to process ilmenite concentrate material (middlings) over Rare Earth Drum, Rare Earth Roll Magnetic Separator combination to ascertain if a > 57% TiO2 product with < 1.0% Cr2O3 can be produced is currently underway.