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Athena Resources Limited ( (AU:AHN) ) has issued an announcement.
Athena Resources has significantly expanded its resource base at the Byro Magnetite Project, reporting a maiden Inferred Mineral Resource Estimate for the Byro South deposit of 47 million tonnes at 29% iron, which lifts the combined Byro Magnetite Project resource (Byro South plus FE1) by 160% to 76.3 million tonnes at 26.1% iron. Initial metallurgical test work suggests Byro South has similar processing characteristics to the existing FE1 resource, supporting the potential for high-grade concentrate output and future project expansion, while recent board and governance changes – including the appointment of former Western Australian Minister for Regional Development Alannah MacTiernan as a non-executive director and Chris Hunt as company secretary – are aimed at strengthening Athena’s strategic capability to advance both the Byro Project and its Mid West green iron ambitions.
The most recent analyst rating on (AU:AHN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Athena Resources Limited stock, see the AU:AHN Stock Forecast page.
More about Athena Resources Limited
Athena Resources Limited is an Australian-listed mineral exploration and development company focused on the Byro Magnetite Project in Western Australia. The company is advancing magnetite iron ore resources with potential for high-grade concentrate production and is also pursuing growth opportunities linked to the Mid West Green Iron Project.
Current Market Cap: A$13.6M
For detailed information about AHN stock, go to TipRanks’ Stock Analysis page.