HEAVY MINERALS LIMITED — AGM Information 2024

Oct 27, 2024

ASX Announcement Date: 28 Oct 2024

Update to Date of Annual General Meeting

In accordance with ASX Listing Rule 3.13.1, Heavy Minerals Limited (ACN 647 831 833) (“ HVY ”, “ Heavy Minerals ” or the “ Company” ) advises that further to the announcement on 3 October 2024, the 2024 Annual General Meeting of the Company will be held on Friday 29 November 2024. A notice of meeting for the Annual General Meeting is being prepared by the Company and will be announced to the ASX and provided to Shareholders late October 2024.

This announcement has been authorised by the Board of Directors of the Company.

Ends

For further information, please contact:

Heavy Minerals Limited

Adam Schofield Non-Executive Chairman Ph: +61 (08) 9481 0389 E: info@heavyminerals.com

Andrew Taplin Chief Executive Officer Ph: +61 (08) 9481 0389 E: andrew@heavyminerals.com

Media & Investor Enquiries

Peter Taylor, NWR Communications Ph: +61 (0) 412 036 231 E: Peter@nwrcommunications.com.au

==> picture [44 x 43] intentionally omitted <==

HEAVY MINERALS LIMITED | ABN: 26 647 831 883

Registered Address: Level 8, London House, 216 St George's Terrace, Perth, Western Australia 6000 | Phone: +61 8 9481 0389 Non-Executive Chairman: Adam Schofield | CEO: Andrew Taplin | Non-Executive Director: Greg Jones | Non-Executive Director: Aaron Williams E-mail: info@heavyminerals.com | Website: www.heavyminerals.com Company Secretary: Stephen Brockhurst

==> picture [142 x 50] intentionally omitted <==

About Heavy Minerals Limited

Heavy Minerals Limited (ASX: HVY) is an Australian listed industrial mineral exploration company.

The Company’s projects are prospective for industrial minerals including but not limited to Garnet, Zircon, Rutile and Ilmenite. The Company’s initial focus is the Port Gregory and Red Hill Garnet Projects in Western Australia with the Port Gregory project having a JORC (2012) Measured, Indicated and Inferred Mineral Resource of 166 million tonnes @ 4.0% Total Heavy Minerals. This comprises a Measured Mineral Resource of 126 Mt @ 3.8% THM; an Indicated Mineral Resource of 20 Mt @ 6.5% THM; and an Inferred Mineral Resource of 20 Mt @ 2.9% THM. This includes 5.9 million tonnes of contained Garnet and 260 thousand tonnes of ilmenite[ 1] .

An Exploration Target has been defined for Red Hill using cut-off grades for reporting of 3% THM and 1% THM and ranging from 90 to 150 Mt of material @ 5.4% to 4.1% THM. The Exploration Target also contains between 5 and 6 Mt of THM and 3.8 and 4.5 Mt of garnet[ 2] . The potential quality and grade of the Exploration Target is conceptual in nature and there has been insufficient exploration activity to determine a Mineral Resource estimate and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

The Company’s other project is the Inhambane Heavy Mineral Project in Mozambique which contains an ilmenite dominated JORC (2012) Inferred Mineral Resource of 90 million tonnes @ 3.0% Total Heavy Mineral[ 3] .

The Company confirms that it is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the JORC estimates continue to apply and have not materially changed.

To learn more please visit: www.heavyminerals.com

1 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02685080-6A1157738?access_token=83ff96335c2d45a094df02a206a39ff4 2 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02661758-6A1148442?access_token=83ff96335c2d45a094df02a206a39ff4 3 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02462745-6A1067130?access_token=83ff96335c2d45a094df02a206a39ff4

==> picture [243 x 207] intentionally omitted <==

Project Locations - Port Gregory and Red Hill

2

HEAVY MINERALS LIMITED | ABN: 26 647 831 883