HVY 16.7% 10.5¢ heavy minerals limited

Ann: Director Resignation, page-89

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  1. 4,700 Posts.
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    I said a long time ago that the time lines on the Inhambane simply didn’t work out before the deadline dates and that they should get rid of it/ spend nothing on it and concentrate on the garnet or make a new deal, Inhambane in my view was added in to pad the company out and make it look better for the IPO, for me it made it look worse

    The fact also that it is a coastal tenement meaning the granting of the licence (like others I understand) is being held up at the Environmental Office and not the Mining Office means it could still be many many years before anything is granted

    Look at the RIO tenement further South on the coast, off the top of my head the application has been in since 2016
 
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