Hawthorn Resources Limited (AU:HAW) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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.