Garnet Hills represents a high grade industrial  garnet  deposit  located in northwestern Australia  close  to  established infrastructure and  importantly,  Asian and World markets.

Current geological  resource estimate of 390Kt to 575Kt (non-JORC 2012) based on RC drilling and surface geological mapping. Potential for 1.4M  tonnes grading 30% to 40% andradite garnet in the northern 1 km portion of the tenement. 

The garnet skarn has a strike length of 5 km with the potential for a global resource of at least 5Mt to a nominal open cut depth of 50 m (20 to 50 year production life) within the granted Mining Lease (M80/416).

The project will have an estimated cumulative net cash flow of A$160M over 9 years and has an NPV of A$100M based on a planned production increase from 25K to 50K tonnes of garnet ore annually.

Ore sorting using a simple RGB discriminant has achieved in excess of 90% garnet concentrate after crushing and sorting and can be directly shipped to Asia and the US for final processing.

Wholesale jet-cutting garnet prices of A$765 per tonne in the USA values Garnet Hills’ ore at A$255 per tonne (equivalent to 3.6 g/t Au). 

Garnet Hills Pty Ltd has been formed as the holding company for  the project with the intention to develop the project initially as an unlisted company with shareholders.   

Targeting established markets for jet cutting, abrasive blasting, water filtration, bonded abrasives  and concrete aggregates in Australia, USA and Asia.