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The latest update is out from Hawthorn Resources Limited ( (AU:HAW) ).
Hawthorn Resources Limited has announced progress in its Anglo Saxon Gold Project and Mt Bevan Magnetite Project. For the Anglo Saxon project, a new pit optimization study has been completed, and an 8000m RC drilling program is set to commence to enhance the confidence in the current mineral resource estimate. This initiative aims to extend and widen the existing open pit, potentially increasing the project’s economic viability. Meanwhile, the Mt Bevan Magnetite Project, in which Hawthorn holds a 1% FOB royalty, has seen advancements with a revised mineral resource estimate and the submission of a mining lease application. These developments indicate ongoing efforts to maximize project returns and shareholder value amidst favorable market conditions.
More about Hawthorn Resources Limited
Hawthorn Resources Limited operates in the mining industry, focusing on the exploration and development of gold and magnetite resources. The company is involved in joint ventures for projects such as the Anglo Saxon Gold Project and the Mt Bevan Magnetite Project, emphasizing high-grade gold production and significant magnetite resources.
Average Trading Volume: 71,803
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$17.76M
For detailed information about HAW stock, go to TipRanks’ Stock Analysis page.