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Athena Resources Limited ( (AU:AHN) ) has issued an update.
Athena Resources Limited has resolved long-standing legal disputes over its Byro Magnetite Project by reaching a settlement with Buxton Resources Limited. This agreement allows Athena to retain key areas of magnetite mineralization, including the Whistlejack prospect, while relinquishing less valuable areas and contributing $20,000 to Buxton’s costs. The resolution ends five years of uncertainty, enabling Athena to focus on further exploration and development of the Byro Project, potentially enhancing its operational and market positioning.
More about Athena Resources Limited
Athena Resources Limited operates in the mining industry, focusing on the exploration and development of magnetite mineral resources. The company’s primary project is the Byro Magnetite Project, which includes significant magnetite deposits and prospects such as the FE1 orebody and the Whistlejack prospect.
Current Market Cap: A$14.73M
Learn more about AHN stock on TipRanks’ Stock Analysis page.