Hawthorn Resources Limited (AU:HAW) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Hawthorn Resources Limited has successfully completed a Pre-Feasibility Study (PFS) on the Mt Bevan magnetite joint venture, confirming the high-grade nature of its resource. The company has chosen to convert its 19.6% equity stake into a 1% FOB royalty, capitalizing on the premium Direct Reduction Grade product expected from the venture. Additionally, the Anglo Saxon Gold Project is gaining traction amidst record gold prices, with advanced discussions underway to explore its potential.
For further insights into AU:HAW stock, check out TipRanks’ Stock Analysis page.