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Hawthorn Resources Limited ( (AU:HAW) ) has shared an update.
Hawthorn Resources reported a strong December 2025 quarter, highlighted by completion of a 53-hole, 7,856-metre reverse circulation drilling program at its Anglo Saxon gold project in Western Australia that delivered multiple high-grade and bonanza-grade vein intercepts. The company has finalised an updated mineral resource estimate for Anglo Saxon, incorporating both new and historical drilling data, which it says further de-risks the project and represents a key step toward restarting open pit mining, with MineComp engaged to run pit optimisation studies using current gold price and cost assumptions to assess development options and feasibility. Hawthorn also noted continued advancement of the Forward Works Plan for the Mt Bevan magnetite project by its joint venture partners to refine pre-feasibility and key project parameters, while closing the quarter with a cash balance of $11.34 million, supporting near-term technical and economic studies that could lead to a decision to recommence mining at Anglo Saxon.
The most recent analyst rating on (AU:HAW) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Hawthorn Resources Limited stock, see the AU:HAW Stock Forecast page.
More about Hawthorn Resources Limited
Hawthorn Resources Limited is an Australian mineral exploration and development company focused on gold and iron ore-related assets, with key projects including the Anglo Saxon gold project at Pinjin in Western Australia and a royalty interest over the Mt Bevan magnetite project. The company targets advancing high-grade gold resources suitable for open pit and potential underground mining while leveraging its exposure to large-scale magnetite development through joint venture partners.
Average Trading Volume: 223,364
Technical Sentiment Signal: Buy
Current Market Cap: A$46.9M
Find detailed analytics on HAW stock on TipRanks’ Stock Analysis page.