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Hawthorn Resources Limited ( (AU:HAW) ) has shared an update.
Hawthorn Resources Limited has completed a Pre-Feasibility Study for the Mt Bevan magnetite project, confirming a high-grade resource and the potential for a premium DRI product. This strengthens their position in next-generation steel production. Meanwhile, their Anglo Saxon gold project is gaining attention due to record gold prices, with optimization efforts underway and advanced discussions with potential partners. Hawthorn’s strategic shift from equity interest to royalty in Mt Bevan is expected to provide significant shareholder value once production begins.
More about Hawthorn Resources Limited
Hawthorn Resources Limited is involved in the mining industry, focusing on magnetite and gold projects. The company has interests in the Mt Bevan magnetite project, known for its high-grade direct reduction iron (DRI) production, and the Anglo Saxon gold project, which is being optimized for development amid high gold prices.
YTD Price Performance: 5.00%
Average Trading Volume: 136,575
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$14.74M
Find detailed analytics on HAW stock on TipRanks’ Stock Analysis page.