Hawthorn Resources Limited (AU:HAW) has released an update.
Hawthorn Resources Limited announces the completion of a successful Pre-Feasibility Study (PFS) by JV partner Hancock, confirming the high grade of the Mt Bevan magnetite resource, suitable for Direct Reduction Grade iron production. They also report on the advancement of their gold project, with preparations to transport stockpiles impeded by weather, and the exploration of strategic options including development, partnership, or sale. The company closed the quarter with a solid cash position of $13.114m.
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