Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hawthorn Resources Limited ( (AU:HAW) ) has shared an announcement.
Hawthorn Resources Limited has initiated an 8,000-meter RC drilling program at its Anglo-Saxon gold project following a positive pit optimization study. This exploration aims to enhance the confidence in the current Mineral Resource Estimate and mitigate risks associated with expanding the open pit. The project, which has already produced 49,000 ounces of gold, could potentially exploit additional mineralization if continuity is confirmed through the drilling results.
More about Hawthorn Resources Limited
Hawthorn Resources Limited operates in the mining industry, focusing primarily on gold exploration and production. The company is involved in the Anglo-Saxon gold project, which is part of a joint venture known as the Trouser Legs JV, located in the South Laverton Tectonic Zone of the eastern Yilgarn Craton in Western Australia.
Average Trading Volume: 78,221
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$18.09M
Find detailed analytics on HAW stock on TipRanks’ Stock Analysis page.