Hawthorn Resources Limited (AU:HAW) has released an update.
Hawthorn Resources Limited has announced the completion of a draft Pre-Feasibility Study for the Mt Bevan magnetite project, showing the potential to produce a high-grade 70%Fe product. Financial evaluations are underway, with drilling also in progress for lithium and other minerals, and gold joint venture operations have commenced ore shipment. The company plans to finalize financial models after peer review of capital costs and ore pricing this quarter.
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