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The latest update is out from Athena Resources Limited ( (AU:AHN) ).
Athena Resources Limited reported its activities for the December 2024 quarter, concentrating on the Byro Magnetite Project. The company is exploring classification processes to improve their processing flowsheet and has initiated testing a new process to recover pure iron from ores. Additionally, Athena completed a fully underwritten entitlement offer, raising approximately $2.67 million, with Fenix Resources Limited acquiring a significant shareholding of 28.97%. These developments indicate strategic progress in both operational capabilities and financial stability, potentially enhancing Athena’s position in the mining sector.
More about Athena Resources Limited
Athena Resources Limited operates in the mining industry, focusing on exploration and development activities. Its primary project is the Byro Magnetite Project, where the company is engaged in metallurgical work to advance its iron ore processing capabilities.
Current Market Cap: A$8.01M
For an in-depth examination of AHN stock, go to TipRanks’ Stock Analysis page.
