Yes. This has not been tested due to the price (a 1:30 mini from heroforge will cost about $60).
It should be noted, however, that the print quality is pretty damn good for their 30mm scale minis (at $30 for the good stuff (premium plastic) this is a little more tolerable to swallow), so a 1:30 model might be decent if it is available in XL Premium Plastic someday.
The normal plastic isn't bad, but seems to suffer from a loss of detail - or details are fuzzier than the premium plastic.