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Athena Resources Limited ( (AU:AHN) ) has shared an update.
Athena Resources Limited has announced a significant milestone with the completion of a maiden Mineral Resource Estimate (MRE) for its Byro South Prospect, part of the Byro Magnetite Project. The Byro South MRE, which reports 47 million tonnes at 29% Fe, contributes to a 160% increase in the total resources of the Byro Magnetite Project, now totaling 76 million tonnes. This expansion underscores the potential for increased project lifespan and further growth through exploration of nearby prospects, enhancing Athena’s position in the magnetite market.
More about Athena Resources Limited
Athena Resources Limited is a company operating in the mining industry, focusing on the exploration and development of magnetite resources. The company is primarily engaged in the Byro Magnetite Project located in the Midwest iron ore province of Western Australia, with a market focus on expanding its magnetite portfolio.
Current Market Cap: A$13.6M
For a thorough assessment of AHN stock, go to TipRanks’ Stock Analysis page.